DIVISION 1. GENERAL RULES GOVERNING INSURANCE 100-1879.8›PART 2. THE BUSINESS OF INSURANCE 680-1879.8›CHAPTER 2. Incorporated Insurers 1140-1260›ARTICLE 5. Life Insurance Policies 1220-1221
§ 1220
California Insurance Code · 2020-11 edition · updated 2026-10-04 · California
Domestic incorporated life insurers may also invest any funds in loans upon any of their own policies in an amount not exceeding the reserve against such policy at the time the loan is made, but policy loans shall not be deposited with the commissioner under Article 2, Chapter 5, Part 2, Division 2.
(Enacted by Stats. 1935, Ch. 145.)
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