There Is a Newer Version
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the Nevada Revised Statutes
2011 Nevada Revised Statutes
Chapter 682A - Investments
NRS 682A.170 - Loans secured by policy.
Universal Citation:
NV Rev Stat ยง 682A.170 (2011)
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on the American Association of Law Libraries Universal Citation Guide and is not
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A life insurer may lend to its policyholder, 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.
(Added to NRS by 1971, 1624)
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