West Virginia Statutes

§ 33-13-28 — Indebtedness deducted from proceeds

West Virginia § 33-13-28
JurisdictionWest Virginia
Ch. 33 INSURANCE
Art. 13LIFE INSURANCE

This text of West Virginia § 33-13-28 (Indebtedness deducted from proceeds) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
W. Va. Code § 33-13-28 (2026).

Text

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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Legislative History

1957 Reg. Sess., HB126

Nearby Sections

15
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Bluebook (online)
West Virginia § 33-13-28, Counsel Stack Legal Research, https://law.counselstack.com/statute/wv/33/33-13-28.