Maryland Statutes
Subtitle 2 - Life and Health Insurance and Annuities
Section 12-210 - Extension of Grace Period on Life, Accident, or Health Insurance Policy

(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.

Structure Maryland Statutes