(a) Each policy of group life insurance shall contain a provision that the policyholder is entitled to a grace period of 31 days for payment of any premium due except the first premium.
(b) The death benefit coverage continues in force during the grace period unless the policyholder has given the insurer written notice of discontinuance before the date of discontinuance and in accordance with the terms of the policy.
(c) The policy may provide that the policyholder is liable to the insurer for paying a pro rata premium for the time the policy was in force during the grace period.
Structure Maryland Statutes
Title 17 - Group Life Insurance
Subtitle 3 - Group Life Insurance Policy Provisions
Section 17-301 - Standard Provisions Required; Exceptions
Section 17-303 - Incontestability
Section 17-304 - Copy of Application Attached to Policy; Effect of Statements
Section 17-305 - Evidence of Individual Insurability
Section 17-306 - Misstatement of Age
Section 17-307 - Payment of Benefits
Section 17-308 - Individual Certificates
Section 17-309 - Conversion of Group Policy -- Termination of Eligibility
Section 17-310 - Conversion of Group Policy -- Termination of Coverage