38.2-1431 - Policy loans.

§ 38.2-1431. Policy loans.

A domestic insurer issuing life insurance policies or annuities may loan anysum not exceeding the cash surrender value specified in the policy to itspolicyholder upon the pledge of the policy as collateral.

(1983, c. 457, § 38.1-217.34; 1986, c. 562.)