Kentucky Statutes 304.7-421 – Loans on security of cash surrender value of life insurance policies
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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.
Effective: July 14, 2000
History: Created 2000 Ky. Acts ch. 388, sec. 17, effective July 14, 2000.
Effective: July 14, 2000
History: Created 2000 Ky. Acts ch. 388, sec. 17, effective July 14, 2000.