Sec. 19. In ascertaining the indebtedness due upon policy or premium loans, the interest, if not paid when due, shall be added to the principal of such loans and shall bear interest at the rate specified in the note or loan agreement.
Ind. Code § 27-1-12-19
Ascertainment of indebtedness due upon policy or premium loans; interest
Formerly: Acts 1935, c.162, s.158.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.