§431:6-318  Collateral loans.  Aninsurer is permitted to loan its funds upon the pledge of securities orevidences of debt eligible for investment under this article.  As at date made,no such loan shall exceed in amount ninety per cent of the fair value of thecollateral pledged, except that loans upon pledge of United States governmentbonds may be equal to the fair value of the bonds pledged and that loans onlife insurance policies may equal the cash surrender value of the policy asprovided in section 431:6-314.  The amount so loaned shall be included in themaximum percentage of funds permitted to be invested in the kinds of securitiesfor evidences of debt pledged or permitted by section 431:6-105. [L 1987, c347, pt of §2]