§ 3.21.276

Alaska Admin. Code tit. 3, § 21.276

Policy loans for a life and health insurer

Effective Dec 28, 2001Alaska Register 160(Eff. 12/28/2001, Register 160) | Authority: AS 21.06.090, AS 21.18.040, AS 21.21.255, AS 21.18.010, AS 21.21.010, AS 21.21.420, AS 21.18.030, AS 21.21.020

A life and health insurer may lend to a policyholder on the security of the cash surrender value of the policyholder's policy a sum not exceeding the legal reserve that the life and health insurer is required to maintain on the policy.

(Eff. 12/28/2001, Register 160)

Authority: AS 21.06.090, AS 21.18.040, AS 21.21.255, AS 21.18.010, AS 21.21.010, AS 21.21.420, AS 21.18.030, AS 21.21.020