S.C. Code § 38-12-310

Current through 2024 Act No. 225.

Section 38-12-310 - Life insurer loan to policyholder

A life insurer may lend to a policyholder on the security of the cash surrender value of the policyholder's policy a sum not exceeding the legal reserve the insurer is required to maintain on the policy.

2002 Act No. 319, Section 2, eff 6/3/2002.