Maryland Insurance Section 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.