(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.)
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