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.
(Apr. 11, 2003, D.C. Law 14-297, § 211, 50 DCR 330.)
This section is referenced in § 31-1371.06.
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 13A - Investments of Insurers
§ 31–1372.01. Application of subchapter
§ 31–1372.03. Rated credit instruments
§ 31–1372.04. Insurer investment pools
§ 31–1372.05. Equity interests
§ 31–1372.06. Tangible personal property under lease
§ 31–1372.07. Mortgage loans and real estate
§ 31–1372.08. Securities lending, repurchase, reverse repurchase, and dollar roll transactions
§ 31–1372.09. Foreign investments and foreign currency exposure