Browse Arkansas Code titles and sections
23-63-821. Policy loans.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-821. Policy loans.
(a) A life insurer may lend to its 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 its other contracts or obligations, so long as the loan is adequately secured by the pledge or assignment.
(b) Loans so made are eligible investments of the insurer.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-821
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-63-821
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: c8c7eec9b477039a5757f8e159dee427c6badd2d44d572324287f09924a13eb7
Source location: content.xml paragraph 32525
Stored source content
23-63-821. Policy loans.
(a) A life insurer may lend to its 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 its other contracts or obligations, so long as the loan is adequately secured by the pledge or assignment.
(b) Loans so made are eligible investments of the insurer.
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