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RSA 411-A:27 · Policy Loans

Title: XXXVII: INSURANCE
Chapter: 411-A · REGULATION OF INVESTMENTS OF LIFE INSURANCE COMPANIES
Status: current
Official source linked: Yes

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411-A:27 Policy Loans. – An insurer may lend to a policyholder, upon pledge of the policy as collateral security, any sum not exceeding the cash surrender value of the policy; or may lend against pledge or assignment of any of its supplementary contracts or other contracts or obligations, so long as the loan is adequately secured by such pledge or assignment. Source. 1978, 11:1, eff. July 1, 1978.

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Source note

Source. 1978, 11:1, eff. July 1, 1978.

Source history

1978, 11:1, eff. July 1, 1978