Indiana Statutes
§ 27-1-12-19 — Ascertainment of indebtedness due upon policy or premium loans; interest
Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 12 Life Insurance Company Powers and Policy
In ascertaining the indebtedness due upon
policy or premium loans, the interest, if not paid when due, shall be
added to the principal of such loans and shall bear interest at the rate
specified in the note or loan agreement.
Formerly: Acts 1935, c.162, s.158.
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