§ 5–508
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 5-508 (2026)
Title 5. Assets, Liabilities, Reserves, and Investments of Insurers
Subtitle 5. Investments of Life Insurers
§ 5–508LinkCopy Citation
(a)
A life insurer may lend to its policyholder on the policy as collateral security an amount not exceeding the cash surrender value of the policy.
(b)
A policy loan is an eligible reserve investment of a life insurer.