In determining the amount due under any life insurance policy heretofore or hereafter issued, deduction may be made of:
(a) Any unpaid premiums or installments thereof for the current policy year due under the terms of the policy, and of
(b) The amount of principal and accrued interest of any policy loan or other indebtedness against the policy then remaining unpaid.
Structure West Virginia Code
§33-13-2. Standard Provisions Required
§33-13-8a. Maximum Rate of Interest on Policy Loans
§33-13-9. Nonforfeiture Benefits
§33-13-10. Table of Loan Values and Options
§33-13-11. Table of Installments
§33-13-13. Payment of Premiums
§33-13-14a. Payment of Interest on Death Claims
§33-13-16. Excluded or Restricted Coverage
§33-13-17. Annuity Contracts -- Standard Provisions
§33-13-18. Same -- Grace Period
§33-13-19. Same -- Incontestability
§33-13-20. Same -- Entire Contract
§33-13-21. Same -- Misstatement of Age or Sex
§33-13-23. Same -- Reinstatement
§33-13-24. Standard Provisions of Reversionary Annuities
§33-13-25. Limitation of Liability
§33-13-26. Contestability After Reinstatement
§33-13-27. Power of Insurer to Hold Proceeds of Policy Under Agreement
§33-13-28. Indebtedness Deducted From Proceeds
§33-13-29. Dual or Multiple Pay Policies Prohibited
§33-13-30. Standard Nonforfeiture Law for Life Insurance
§33-13-30a. Standard Nonforfeiture Law for Individual Deferred Annuities
§33-13-31. Industrial Life Insurance -- Required Provisions
§33-13-32. Same -- Grace Period
§33-13-33. Same -- Entire Contract; Statements in Application; Deemed Representations
§33-13-34. Same -- Incontestability
§33-13-35. Same -- Misstatement of Age
§33-13-37. Same -- Nonforfeiture Benefits; Cash Surrender Values
§33-13-38. Same -- Reinstatement
§33-13-40. Same -- Beneficiary and Facility of Payment Clause
§33-13-41. Same -- Direct Payment of Premiums
§33-13-42. Same -- Conversion of Weekly Policies
§33-13-43. Same -- Conversion of Monthly Policies
§33-13-44. Same -- Title on Policy
§33-13-45. Same -- Provisions Not Required in Single Premium, Term, etc., Policies