Volume 796, Page 4303 View pdf image |
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leasehold real estate in a state or a province of Canada in an amount not exceeding (2) A life insurer may not include an amount from an investment made (i) is primarily improved by a residence; or (ii) is farm property used for farming purposes and the loan amount (3) (I) NOTWITHSTANDING PARAGRAPH (1) OF THIS SUBSECTION, BUT
(II) A LIFE INSURER MAY NOT PLACE MORE THAN 3% OF ITS [(3)] (4) A loan authorized by this subsection must provide for the [(4)] (5) (i) If a loan is made on real estate improved by a building, the (ii) The fire insurance policy required by subparagraph (i) of this 1. contain the New York or Massachusetts standard 2. be delivered to the mortgagee as additional security for the loan. (iii) A policy that insures against loss by fire and other coverages [(5)] (6) The requirements of this section and any other law of the State |
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Volume 796, Page 4303 View pdf image |
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