§ 12–210
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 12-210 (2026)
Title 12. Policy Forms and Provisions
Subtitle 2. Life and Health Insurance and Annuities
§ 12–210LinkCopy Citation
(a)
On advance written notice to an insurer, the Commissioner may extend by a maximum of 60 days the grace period for making premium payments on life insurance, accident, and health insurance policies if:
(1)
an emergency situation exists that would delay or prevent the prompt and orderly payment of the premiums due by all or a substantial number of the insureds of the insurer; and
(2)
the emergency is not the fault of the insureds.
(b)
For purposes of this section, an emergency situation includes a fire, earthquake, flood, postal strike, insurance producer strike, or other situation that is not under the control of insureds.