There is a newer version of the Maryland Code
2013 Maryland Code
INSURANCE
§ 5-508 - Policy loans
MD Ins Code § 5-508 (2013) What's This?
§5-508.
(a) A life insurer may lend to its policyholder on the policy as collateral security an amount not exceeding the cash surrender value of the policy.
(b) A policy loan is an eligible reserve investment of a life insurer.
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