New York Statutes

§ 1406 — Policy loans

New York·Law ISC Insurance·Art. 14 Investments

§ 1406. Policy loans.

(a)Any life insurance company may lend to any\npolicyholder upon the security of the value of his policy a sum not\nexceeding the legal reserve which it is required to maintain thereon.\n (b) A fraternal benefit society may make similar loans subject to the\nprovisions of article forty-five of this chapter.\n

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Nearby Sections

15

§ 1401

Definitions and rules of general application

§ 1402

Minimum capital or minimum surplus to policyholder investments

§ 1403

Reserve and other investments; certain requirements

§ 1404

Types of reserve investments permitted for non-life insurers

§ 1405

Investments of life insurers

§ 1406

§ 1407

Non-reserve and prohibited investments for property/casualty and certain other insurers

§ 1408

Acquisition of insurance company shares; limitations thereon

§ 1409

Limitation of investments

§ 1410

Derivative transactions and derivative instruments

§ 1411

Authorization of, and restrictions on, investments

§ 1412

Disposal or deduction of investments unlawfully acquired

§ 1413

Investments of foreign and alien insurers

§ 1414

Valuation of investments

§ 1415

Investments of domestic insurers in persons included on list of persons engaged in investment activities in Iran treated as nonadmitted a...

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