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2021 Ohio Revised Code
Title 39 | Insurance
Chapter 3915 | Life Insurance Policy Provisions
Section 3915.11 | Interest Added to Principal Debt.
Universal Citation: Ohio Rev Code § 3915.11 (2021)
Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
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.
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