138                               Laws of Maryland                         [Ch.44

insurer may refuse to endorse the name of any proposed beneficiary
who does not appear to the insurer to have an insurable interest in
the life of the insured.

(m) Such a policy may also provide that if the beneficiary desig-
nated in the policy does not surrender the policy with due proof of
death within the period stated in the policy, which shall not be less
than thirty days after the death of the insured, or if the beneficiary
is the estate of the insured, or is a minor, or dies before the insured,
or is not legally competent to give a valid release, then the insurer
may make payment thereunder to the executor or administrator of
the insured, or to any of the insured's relatives by blood or legal
adoption or connection by marriage, or to any person appearing to
the insurer to be equitably entitled thereto by reason of having been
named beneficiary, or by reason of having incurred expense for the
maintenance, medical attention or burial of the insured. Such policy
may also include a similar provision applicable to any other payment
due under the policy.

(n) In case of weekly premium policies, there may be a provision
that upon proper notice to the insurer while premiums on the policy
are not in default beyond the grace period, of the intention to pay
future premiums directly to the insurer at its home office or any
other office designated by the insurer for the purpose, the insurer
will, at the end of each period of a year from the due date of the first
premium so paid, for which period such premiums are so paid con-
tinuously without default beyond the grace period, refund a stated
percentage of the premiums in an amount which fairly represents
the savings in collection expense.

(o) No industrial life insurance policy shall be delivered, or issued
for delivery, in this State which contains in substance any provision
listed in Sub-sections (p), (q), and (r) of this section or provisions
which in the opinion of the Commissioner are substantially similar.

(p) A provision by which the insurer may reduce or deny liability
under the policy for the reason that the insured has previously ob-
tained other insurance from the same insurer.

(q) A provision giving the insurer the right to declare the policy
void because the insured has had any disease or ailments, whether
specified or not, or because the insured has received institutional,
hospital, medical or surgical treatment or attention, except a provi-
sion which gives the insurer the right to declare the policy void if the
insured has, within two years prior to the issuance of the policy, re-
ceived institutional, hospital, medical or surgical treatment or atten-
tion and if the insured or claimant under the policy fails to show
that the condition occasioning such treatment or attention was not
of a serious nature or was not material to the risk.

(r) A provision giving the insurer the right to declare the policy
void because the insured had been rejected for insurance, unless such,
right be conditioned upon a showing by the insurer, that knowledge
of such rejection would have led to a refusal by the insurer to make
such contract.

(s) A clause in such policy, providing that such policy shall be in-
contestable after a specified period, shall preclude only a contest of
the validity of the policy, and shall not preclude the assertion at any