# Insurance (GIN)

## Title 16. Life Insurance and Annuities

### Subtitle 2. Life Insurance Policy Provisions

#### Section 16-202

(a)

  (1) Each policy of life insurance shall contain a provision that a grace period shall be allowed within which the payment of any premium after the first may be made.

  (2) The grace period shall be:

    (i) 30 days;

    (ii) at the option of the insurer, 1 month of not less than 30 days; or

    (iii) 4 weeks, for a policy of industrial life insurance with premiums payable more frequently than monthly.

(b) The policy continues in full force during the grace period.

(c) If a claim arises under the policy during the grace period, the amount of any premium due or overdue may be deducted from the policy proceeds.

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Md. Code Ann., Ins. (as displayed at mgaleg.maryland.gov, October 16, 2026)