Md. Code, Insurance § 16-202
This is the official text of Md. Code, Insurance § 16-202, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§16–202.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
Need a lawyer in Maryland?
Find a Maryland lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.