215 ILCS 5/126.19
215 ILCS 5/126.19
in effect(215 ILCS 5/126.19) Sec. 126.19. Policy loans. A life insurer may lend to a policyholder on the security of the cash surrender value of the policyholder's policy a sum not exceeding the legal reserve that the insurer is required to maintain on the policy. (Source: P.A. 90-418, eff. 8-15-97.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026