Insurance Code § 1221

ARTICLE 5. Life Insurance Policies

Current as of September 28, 2026Ins. Code, § 1221Official source ↗

Enacted by Stats. 1935, Ch. 145.

The amount thus loaned by an insurer upon its own policies shall be credited to the insurer in determining the amount of deposit required to comply with the provisions of Article 2, Chapter 5, Part 2, Division 2. Such loans shall be deducted from the net value of the registered policies.