South Carolina Statutes
§ 38-12-310 — Life insurer loan to policyholder.
A life insurer may lend to a policyholder on the security of the cash surrender value of the policyholder's policy a sum not exceeding the legal reserve the insurer is required to maintain on the policy.
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South Carolina § 38-12-310 (Life insurer loan to policyholder.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2002 Act No. 319, SECTION 2, eff June 3, 2002.
Nearby Sections
15
§ 38-12-10
Short title.§ 38-12-20
Scope of chapter.§ 38-12-210
Scope of article.§ 38-12-220
Restrictions on investments.§ 38-12-250
Equity interests in domestic business entities; percentage of assets limitation; short sales.§ 38-12-270
Mortgage loans; real estate.§ 38-12-290
Foreign investments.§ 38-12-30
Definitions.§ 38-12-300
Derivative transactions.§ 38-12-310
Life insurer loan to policyholder.