Tennessee § 56-3-509 - Separate accounts — Insurance laws applicable — Required provisions of variable life agreements.
Full text of Tennessee Tennessee Code Annotated § 56-3-509 — Separate accounts — Insurance laws applicable — Required provisions of variable life agreements., with citation guidance and answers to common questions.
§ 56-3-509. Separate accounts — Insurance laws applicable — Required provisions of variable life agreements.
Except for §§ 56-7-401 , 56-7-2307(2) , (7), (10) and (12), and 56-7-2309 , and except as otherwise provided in this part, all pertinent provisions of the insurance laws of this state apply to separate accounts and agreements issued in connection with the accounts. Any individual variable life insurance agreement delivered or issued for delivery in this state shall contain grace, reinstatement and nonforfeiture provisions appropriate to the agreement. The reserve liability for variable benefits shall be established in accordance with actuarial procedures that recognize the variable nature of the benefits provided and any mortality guarantees. Acts 1967, ch. 353, § 9; T.C.A., § 56-266; Acts 1970, ch. 493, § 3; T.C.A., § 56-320. Textbooks. Tennessee Jurisprudence, 7 Tenn. Juris., Corporations, § 118.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-3-509
What does Tennessee Code Annotated § 56-3-509 cover?
Section 56-3-509 ("Separate accounts — Insurance laws applicable — Required provisions of variable life agreements.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 56-3-509?
A common citation format is "Tennessee Code Annotated § 56-3-509" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 56-3-509 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.