Policy loans

Va. Code Ann. § 38.2-1431
in effect
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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. 1983, c. 457, § 38.1-217.34; 1986, c. 562.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/38.2-1431/Fetched: 10/16/2026

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