Tennessee Code 56-26-126 – Insurer’s option to renew to be stated on face of policy
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 56-26-126
- Commissioner: means the commissioner of commerce and insurance. See Tennessee Code 56-26-101
- Person: means any association, aggregate of individuals, business, company, corporation, individual, joint-stock company, Lloyds-type organization, organization, partnership, receiver, reciprocal or interinsurance exchange, trustee or society. See Tennessee Code 56-16-102
- 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
No policy of accident, sickness or hospital insurance in which the insurer reserves the right to refuse renewal thereof shall be delivered or issued for delivery to any person in this state unless the policy shall show conspicuously on the face thereof the words, “RENEWABLE AT OPTION OF COMPANY,” or similar wording which, in the opinion of the commissioner, has substantially the same meaning and effect.