No other provision of law shall apply to policy loan interest rates unless made specifically applicable to these rates.
Cal. Ins. Code § 1239
Life Insurance Policy Loans
Applied in 2 court decisions — leading case 158 F. Supp. 3d 888 - Washburn v. Prudential Insurance Co. of America (2015)
Most recently applied in 162 F. Supp. 3d 930 - Wishnev v. Northwestern Mutual Life Insurance (February 2016)
Added by Stats. 1982, Ch. 1351, Sec. 3.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.