California Insurance Code

§ 1232

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

(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.