136                              Laws of Maryland                         [Ch. 44

Accident and Health Insurance", said new section to be known as
Section 186A, to follow immediately after Section 186 thereof,
relating to industrial life insurance, premiums payable under such
policies, required and prohibited provisions in such policies and
the incontestability clause in such policies.

Section 1. Be it enacted by the General Assembly of Maryland,
That a new section be and the same is hereby added to Article 48A
of the Annotated Code of Maryland (1951 Edition), title "Insurance",
sub-title "Life, Accident and Health Insurance", said new section to
be known as Section 186A, to follow immediately after Section 186 of
said Article, and to read as follows:

186A. (Industrial Life Insurance.) (a) Industrial Life Insurance
is any life insurance provided by an individual insurance policy bear-
ing the words "Industrial Policy'' printed upon the policy as part of
the brief description required under Section 187 of this Article, and
under which premiums are payable

(1) weekly, or

(2)  monthly or oftener, but less often than weekly, if the face
amount of the insurance provided in such policy is $1,000 or less.

(b)  No industrial life insurance policy shall be delivered, or issued
for delivery, in this State unless it contains in substance the pro-
visions as required by Sub-sections (c) to (I), inclusive of this section
or provisions which in the opinion of the Commissioner are not less
favorable to the policyholder. Any of such provisions not applicable
to non-participating or term policies shall to that extent not be
incorporated therein.

(c)  A provision that the insured is entitled to a grace period of
either thirty days or one month if premiums are payable monthly, or
of four weeks if premiums are payable oftener than monthly, within
which grace period the payment of any premium after the first may
be made, and that during the grace period the policy shall continue
in full force, but if during the grace period the policy becomes a
claim, then any overdue and unpaid premiums may be deducted from
any settlement under the policy.

(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 two
years from its date of issue, except for nonpayment of premiums and
at the option of the insurer, except for provisions relating to benefits
in the event of total and permanent disability, as defined in the policy,
and provisions which grant additional insurance specifically against
death by accident or accidental means and provisions granting addi-
tional benefits for loss of eyesight or limbs.

(e)  A provision that the policy shall constitute the entire contract
between the parties, or, if a copy of the application is endorsed upon
or attached to the policy when issued, a provision that the policy and
the application therefor shall constitute the entire contract. If the
application is so made a part of the contract, the policy shall also
provide that all statements made by the applicant in such application
shall, in the absence of fraud, be deemed to be representations and
not warranties.