Md. Code, Insurance § 5-508

Md. Code, Insurance § 5-508
in effect
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(a) A life insurer may lend to its policyholder on the policy as collateral security an amount not exceeding the cash surrender value of the policy. (b) A policy loan is an eligible reserve investment of a life insurer.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin&section=5-508&enactments=falseFetched: 10/17/2026

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