(a) Subject to Subsection (b), an insurance company may make loans to finance the payment of premiums for the company's own insurance policies or annuity contracts.
(b) The amount of a loan under this section may not exceed the sum of:
(1) the available cash value of the insurance policy or annuity contract for which the premium loan is made; and
(2) the amount of any escrowed commissions payable relating to the insurance policy or annuity contract.