                                 CODE OF VIRGINIA

POLICY LOANS (§ 38.2-1431)

A domestic insurer issuing life insurance policies or annuities may loan any sum
not exceeding the cash surrender value specified in the policy to its
policyholder upon the pledge of the policy as collateral.

HISTORY: 1983, c. 457, § 38.1-217.34; 1986, c. 562.