DecisionDepot
California legal research

California Insurance Code

§ 1232

INS § 1232Div. 1 · Part 2 · Ch. 2 · Art. 5.5

Statute text

View on leginfo.ca.gov
(a)Policies issued on or after the effective date of this article shall provide for policy loan interest rates at either of the following rates:
(1)A provision permitting a maximum interest rate of not more than 8 percent per annum.
(2)A provision permitting an adjustable maximum interest rate established from time to time by the life insurer as permitted by law.
…

Legislative history

Added by Stats. 1982, Ch. 1351, Sec. 3.

Source: California Insurance Code § 1232 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.