20-1229. Authorized deductions from insurance proceeds
In determining the amount due under any life insurance policy issued, deduction may be made of:
1. Any unpaid premiums or installments thereof for the current policy year due under the terms of the policy.
2. The amount of principal and accrued interest of any policy loan or other indebtedness against the policy then remaining unpaid.
Section: Previous 20-1222 20-1223 20-1224 20-1225 20-1226 20-1227 20-1228 20-1229 20-1230 20-1231 20-1231.01 20-1232 20-1233 20-1241 20-1241.01 NextLast modified: October 13, 2016