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NORTH CAROLINA STATUTES AND CODES
§ 58-61-1. Purpose.
Article61.
Regulation of InterestRates on Life Insurance Policy Loans.
§ 58‑61‑1. Purpose.
The purpose of this Article isto permit and set guidelines for life insurers to include in life insurancepolicies issued after the effective date of this Article a provision forperiodic adjustment of policy loan interest rates. Nothing in this Articleshall be construed to prohibit a life insurer from issuing a policy thatcontains only the provision specified in G.S. 58‑61‑10(a)(1) withrespect to policy loan interest rates. (1981, c. 841, s. 1.)
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