§ 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
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Terms Used In Tennessee Code > Title 56 > Chapter 7 > Part 5 - Contingent and Mortality Contracts

  • Commissioner: means the commissioner of commerce and insurance. See Tennessee Code 56-1-102
  • 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