§ 5-508. Policy loans
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 5-508
§ 5-508. Policy loans
(a) A life insurer may lend to its policyholder on the policy as collateral security an amount not exceeding the cash surrender value of the policy.
Credits
Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 2001, c. 332, § 1, eff. Oct. 1, 2001.
Formerly Art. 48A, § 93.
MD Code, Insurance, § 5-508, MD INSURANCE § 5-508
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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