41-718 — POLICY LOANS

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                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 7
                                 INVESTMENTS
    41-718.  POLICY LOANS. A life insurer may lend to its policy holder upon
pledge of the policy as collateral security, any sum not exceeding the cash
surrender value of the policy; or may lend against pledge or assignment of any
of its supplementary contracts or other contracts or obligations, so long as
the loan is adequately secured by such pledge or assignment. Loans so made are
eligible investments of the insurer.