South Carolina Code 38-63-240. Interest rate on insurance policy loans
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In South Carolina Code 38-63-240
- insurance: includes annuities. See South Carolina Code 38-1-20
- Policy: means a contract of insurance. See South Carolina Code 38-1-20
Life insurance policies issued after May 1, 1985, may not provide for policy loan interest rates of more than eight percent per annum, except as provided in § 38-63-250.