West Virginia Statutes
§ 33-13-28 — Indebtedness deducted from proceeds
In determining the amount due under any life insurance policy heretofore or hereafter issued, deduction may be made of:
(a)Any unpaid premiums or installments thereof for the current policy year due under the terms of the policy, and of
(b)The amount of principal and accrued interest of any policy loan or other indebtedness against the policy then remaining unpaid.
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West Virginia § 33-13-28 (Indebtedness deducted from proceeds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1957 Reg. Sess., HB126
Nearby Sections
15
§ 33-1-1
Insurance§ 33-1-10
Kinds of insurance defined§ 33-1-11
Reinsurance§ 33-1-12
Agent§ 33-1-13
Solicitor§ 33-1-14
Broker§ 33-1-15
Reciprocal insurance§ 33-1-16
Policy§ 33-1-17
Premium§ 33-1-18
Stock insurer§ 33-1-19
Mutual insurer§ 33-1-2
Insurer§ 33-1-21
Emergency services