Interest rate on insurance policy loans.

S.C. Code Ann. § 38-63-240
in effect
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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 SECTION 38-63-250.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t38c063.phpFetched: 10/17/2026

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