Insurance Code § 1220

ARTICLE 5. Life Insurance Policies

Current as of September 28, 2026Ins. Code, § 1220Official source ↗

Enacted by Stats. 1935, Ch. 145.

Domestic incorporated life insurers may also invest any funds in loans upon any of their own policies in an amount not exceeding the reserve against such policy at the time the loan is made, but policy loans shall not be deposited with the commissioner under Article 2, Chapter 5, Part 2, Division 2.