In ascertaining the indebtedness due upon policy or premium loans the interest, if not paid when due, shall be added to the principal of such loans and shall bear interest at the rate specified in the note or loan agreement.

History

June 19, 1934, 48 Stat. 1164, ch. 672, ch. V, § 7

Prior Codifications

1973 Ed., § 35-707.

1981 Ed., § 35-511.