§ 48.23.310. Deduction of indebtedness
In determining the amount due under any life insurance policy heretofore or hereafter 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, and of
(2) the amount of principal and accrued interest of any policy loan or other indebtedness against the policy then remaining unpaid, such principal increased by unpaid interest and compounded as provided in this chapter.
[1947 c 79 § .23.31; Rem. Supp. 1947 § 45.23.31.]
Sections: Previous 48.23.230 48.23.240 48.23.250 48.23.260 48.23.270 48.23.290 48.23.300 48.23.310 48.23.320 48.23.330 48.23.340 48.23.345 48.23.360 48.23.370 48.23.380 NextLast modified: April 7, 2009