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S02596 Summary:
BILL NO | S02596 |
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SAME AS | SAME AS A05393 |
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SPONSOR | COMRIE |
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COSPNSR | |
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MLTSPNSR | |
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Amd §3203, Ins L | |
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Requires the terms and conditions of any individual life insurance policy loan to be in writing, be signed by the insured and the agent and contain a signed statement that the agent has explained the terms to the policyholder. |