Md. Code, Insurance § 12-210
This is the official text of Md. Code, Insurance § 12-210, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
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§12–210.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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