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2010 Ohio Revised Code
Title [39] XXXIX INSURANCE
Chapter 3915: LIFE INSURANCE POLICY PROVISIONS
3915.11 Interest added to principal debt.

3915.11 Interest added to principal debt.

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.

Effective Date: 10-01-1953

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