A life insurer may lend to a policyholder on the security of the cash surrender value of the policyholder's policy a sum not to exceed the legal reserve that the insurer is required to maintain on the policy.
Mo. Rev. Stat. § 376.306
Cash surrender value, life insurer may lend to policyholder, when
Known as the Standard Valuation Law
The act spans §§ 376–376 (408 sections).
Effective: 28 Aug 2007; (L. 2007 S.B. 66)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.