Delaware Statutes
§ 1317 — Policy loans
A life insurer may lend to its policyholder upon pledge of the policy as collateral security any sum not exceeding the cash surrender value of the policy, or may lend against pledge or assignment of any of its supplementary contracts or other contracts or obligations, so long as the loan is adequately secured by such pledge or assignment. Loans so made are eligible investments of the insurer.
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Legislative History
18 Del. C. 1953, § 1317; 56 Del. Laws, c. 380, § 1
Nearby Sections
15
§ 1301
Scope of chapter§ 1302
Eligible investments§ 1303
General qualifications§ 1305
Diversification§ 1306
Public obligations§ 1308
Corporate obligations§ 1312
Insurance stocks§ 1313
Stock of subsidiaries