West Virginia Statutes

§ 33-8-19 — Same - Policy loans

West Virginia·Ch. 33  INSURANCE·Art. 8 INVESTMENTS
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 that the insurer is required to maintain on the policy.

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Legislative History

2004 Reg. Sess., SB176; 1957 Reg. Sess., HB126

Nearby Sections

15
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