§ 56-7-305 Submission to commissioner for approval
§ 56-7-306 Revocation of license for violation of section 56-7-305 or section 56-7-2310
§ 56-7-308 Provisions in life insurance policies issued by foreign companies – Provisions in foreign policies of domestic companies
§ 56-7-309 Life insurance – Policies for one-year preliminary term insurance – Reserve value
§ 56-7-310 Policies exemptions
§ 56-7-311 “Company” defined
§ 56-7-312 Stipulated form of insurance or cash equal to net reserve upon default
§ 56-7-313 Certain provisions as to defaulted policies, loans and reserves cannot be waived
§ 56-7-314 Purchase or assignment of life insurance by charitable organization – Date of insurable interest
§ 56-7-315 Interest payable after receipt of claim
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Terms Used In Tennessee Code > Title 56 > Chapter 7 > Part 3 - Life Insurance Policies

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • 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 Tennessee Code 56-1-102
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Month: means a calendar month. See Tennessee Code 1-3-105
  • 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
  • Statute: A law passed by a legislature.
  • Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105