premium loan
A loan made to an insured by the insurer to enable the insured to pay further premiums.
? The reserve value of the policy serves as collateral. [Cases: Insurance 1868, 2037. C.J.S. Insurance ¡ì¡ì 352¨C356, 518¨C519, 742¨C745, 749¨C754.]
What is the legal equivalence of premium loan in Chinese?
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