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Maryland Code, Insurance § 12-210

Current as of January 01, 2025 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Maryland Code, Insurance § 12-210 - last updated January 01, 2025 | https://codes.findlaw.com/md/insurance/md-code-insurance-sect-12-210/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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