Code of Virginia § 38.2-1431. Policy loans.
42 words·~1 min read·
/va/title-38-2/chapter-14/38-2-1431A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A domestic insurer issuing life insurance policies or annuities may loan any sum not exceeding the cash surrender value specified in the policy to its policyholder upon the pledge of the policy as collateral.
1983, c. 457, § 38.1-217.34; 1986, c. 562.