New York Statutes

§ 1406 — Policy loans

New York § 1406

JurisdictionNew York

Law ISCInsurance

Art. 14Investments

This text of New York § 1406 (Policy loans) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Insurance § 1406 (2026).

Text

§ 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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Bluebook (online)

New York § 1406, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/ISC/1406.