58-15-15.6. Insurance policy loan--Permitted interest rates.
54 words·~1 min read·
/sd/title-58/chapter-58-15/58-15-15-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any policy issued on or after July 1, 1982, shall provide for policy loan interest rates through a provision permitting a maximum interest rate of not more than eight percent per annum or a provision permitting an adjustable maximum interest rate established from time to time by the life insurer, as permitted by law.