{"data":{"id":"us-ny/n.y.-insurance-law-1406","jurisdiction":"us-ny","citation":"N.Y. Insurance Law § 1406","heading":"Policy loans","body":"§ 1406. Policy loans. (a) Any life insurance company may lend to any\npolicyholder upon the security of the value of his policy a sum not\nexceeding the legal reserve which it is required to maintain thereon.\n  (b) A fraternal benefit society may make similar loans subject to the\nprovisions of article forty-five of this chapter.","path":["Insurance Law","Article 14. Investments"],"source_url":"https://legislation.nysenate.gov/api/3/laws/ISC/1406","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"d51dd17373ce0a4588f7e7ead904fe518a41455b3daf5ea3fd16baa47f5d491d","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-insurance-law-1405","next":"us-ny/n.y.-insurance-law-1407"},"notice":"GroundRules: Original legal text. Not legal advice."}