GroundRules
INS § 1104
Where this section sits in the code
- Insurance Code - INS
- DIVISION 1. GENERAL RULES GOVERNING INSURANCE [100. - 1879.8.]
- PART 2. THE BUSINESS OF INSURANCE [680. - 1879.8.]
- CHAPTER 1. General Regulations [680. - 1113.]
- ARTICLE 17. Loans and Investments [1100. - 1107.1.]
An admitted insurer shall not make any loan, other than a policy loan, to any officer, director, trustee or other person having authority in the management of its funds, nor shall such officer, director, trustee or other person accept any such loan.
This section does not prohibit a loan to, or for the benefit of, an employee for the purpose of paying the premiums on a life insurance policy on the life of such employee.
Collected 2026-09-14T05:56:33Z. Source file · JSON