Maryland § 16-202
Full text of Maryland Maryland Code § 16-202, with citation guidance and answers to common questions.
§ 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.
Frequently Asked Questions About Maryland § 16-202
What does Maryland Code § 16-202 cover?
Section 16-202 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 16-202?
A common citation format is "Maryland Code § 16-202" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 16-202 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.