1148                            LAWS OF MARYLAND                      [CH. 553

(b) The certificate shall contain in substance the following stand-
ard provisions or, in lieu thereof, provisions which are more favor-
able to the member:

(1)   Title on the face and filing page of the certificate clearly and
correctly describing its form;

(2)   A provision stating the amount of rates, premiums or other
required contributions, by whatever name known, which are payable
by the insured under the certificate; and the member's share in the
event of deficiency in the event reserves are impaired.

(3)   A provision that the member is entitled to a grace period of
not less than a full month (or thirty (30) days at the option of the
society) in which the payment of any premium after the first, may
be made. During such grace period the certificate shall continue in
full force, but in case the certificate becomes a claim during the
grace period before the overdue payment is made, the amount of
such overdue payment or payments may be deducted in any settle-
ment under the certificate;

(4)   A provision that the member shall be entitled to have the cer-
tificate reinstated at any time within three (3) years from the due
date of the premium in default, unless the certificate has been com-
pletely terminated through the application of a nonforfeiture bene-
fit, cash surrender value or certificate loan, upon the production of
evidence of insurability satisfactory to the society and the payment
of all overdue premiums and any other indebtedness to the society
upon the certificate, together with interest on such premiums and
such indebtedness, if any, at a rate not exceeding six percent (6%)
per annum compounded annually;

(5)   A provision that the society will grant, upon proper request
not later than sixty (60) days after the due date of the premium in
default, a paid-up nonforfeiture benefit on the plan stipulated in the
certificate, effective as of such due date, of such value as specified
in section 326. The certificate may provide, if the society's laws so
specify or if the member shall so elect prior to the expiration of the
grace period of any overdue premium, that default shall not occur
so long as premiums can be paid under the provisions of an arrange-
ment for automatic premium loan as may be set forth in the cer-
tificate ;

(6)   A provision that one paid-up nonforfeiture benefit as specified
in the certificate shall become effective automatically unless the mem-
ber elects another available paid-up nonforfeiture benefit, not later
than sixty (60) days after the due date of the premium in default;

(7)   A statement of the mortality table and rate of interest used
in determining all paid-up nonforfeiture benefits and cash surrender
options available under the certificate, and a brief general statement
of the method used in calculating such benefits;

(8)   A table showing in figures the value of every paid-up non-
forfeiture benefit and cash surrender option available under the cer-
tificate for each certificate anniversary either during the first
twenty (20) certificate years or during the term of the certificate
whichever is shorter;

(9)   A provision that the certificate shall be incontestable after
it has been in force during the lifetime of the member for a period