§ 56-7-501 Contingent or mortality contracts — Dividing policyholders or members into classes and paying benefits to oldest member of class prohibited — Exceptions
§ 56-7-502 Contingent and mortality endowment contracts — Promising particular number or position in class or to division to policyholder prohibited — Penalty
§ 56-7-503 Commissioner to make orders for enforcement of contingent and mortality endowment contracts

Terms Used In Tennessee Code > Title 56 > Chapter 7 > Part 5

  • Code: includes the Tennessee Code and all amendments and revisions to the code and all additions and supplements to the code. See Tennessee Code 1-3-105
  • Commissioner: means the commissioner of commerce and insurance. See
  • insurance company: includes all corporations, associations, partnerships, or individuals engaged as principals in the business of insurance. See
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105