(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.
Maryland Legal Code
(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.