Tennessee Code 56-26-104 – Disapproval of policy – Limitations and exceptions
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Tennessee Code 56-26-104
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Commissioner: means the commissioner of commerce and insurance. See Tennessee Code 56-26-101
- Insured: as used in this chapter , shall not be construed as preventing a person other than the insured with a proper insurable interest from making application for, and owning a policy covering the insured, or from being entitled under such a policy to any indemnities, benefits and rights provided in the policy. See Tennessee Code 56-26-112
- 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
- United States: includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
The commissioner shall not disapprove or withdraw approval of any such policy on the ground that its provisions do not comply with §§ 56-26-108 – 56-26-114 or on the ground that it is not printed in uniform type, if it is shown that the rights of the insured or the beneficiary under the policy as a whole are not less favorable than the rights provided by §§ 56-26-108 – 56-26-114, and that the provisions or type size used in the policy are required in the state, district or territory of the United States in which the insurer is organized, anything in §§ 56-26-102 – 56-26-105 to the contrary notwithstanding.