304.7-421 Loans on security of cash surrender value of life insurance policies.

KY Rev Stat § 304.7-421 (2019) (N/A)
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304.7-421 Loans on security of cash surrender value of life insurance policies. A life 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 insurer is required to maintain on the policy. Effective: July 14, 2000 History: Created 2000 Ky. Acts ch. 388, sec. 17, effective July 14, 2000.