708 LAWS OF MARYLAND. [CH., 561

on the mortality table known as Farr's No. 3, for males, or, at
the option of the company, the Standard Industrial or the Sub-
standard Industrial Table of Mortality table, or other such
table or tables of Mortality as may be approved by the Com-
missioner; provided, that in no case shall the valuation for the
said policies on the lives of persons under ten years of age be
less than eight-tenths of the weekly gross or office premiums
thereon, with no credit for deferred net premiums.

128. No policy of industrial life insurance, excepting poli-
cies under which more than one-half the net premium is charged
for weekly disability benefits, shall be issued or delivered in
the State of Maryland, or shall be issued by a life insurance
company organized under the laws of Maryland, after the first
day of January, 1938, unless the same shall contain in sub-
stance the following:

(A) A provision that all premiums shall be payable in
advance, either at the office of the Company or to a duly author-
ized agent of the Company.

(B) A provision that the insured is entitled to a grace
period of at least thirty days, or one month, or twenty-eight
days, or four weeks of 28 days, in which payment of any pre-
mium after the first weekly or monthly premiums may be made,
during which period of grace the policy shall continue in force,
but in case the policy becomes a claim during the said period
of grace before the overdue premium or deferred premium of
the current premium period, if any, is paid, the amount of such
premium or any overdue premiums, may be deducted from the
amount payable under the policy in settlement.

, (G) A provision that the policy shall constitute the entire
contract between the parties, or a provision that the policy and
the application therefor shall constitute the entire contract
between the parties; and in the latter case, copy of the appli-
cation must be attached to or endorsed on the policy, and the
policy must contain a provision that all statements made by
the insured shall, in the absence of fraud, be deemed to be
representations and not warranties.

(D) A provision that the policy shall be incontestable after
it has been in force during the lifetime of the insured for a
period of not more than two years from its date, except for non-
payment of premiums and, at the option of the Company,
except for suicide, death incurred in the commission of a felony,
violation of the conditions of the policy relating to military or
naval service in time of war, and as to provisions relative to
the benefits in the event of permanent and total disability and
provisions which grant additional insurance specifically against