ARKANSAS STATUTES AND CODES
§ 23-63-821 - Policy loans.
23-63-821. Policy loans.
(a) 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 its other contracts or obligations, so long as the loan is adequately secured by the pledge or assignment.
(b) Loans so made are eligible investments of the insurer.
Arkansas Forms by Issue
Arkansas Law
Arkansas State Laws
> Arkansas State Parks
Arkansas Tax
Arkansas Agencies