Tennessee § 56-2-203 - Life insurance — Annuity or contract loans — Trusts accepted and executed.
Full text of Tennessee Tennessee Code Annotated § 56-2-203 — Life insurance — Annuity or contract loans — Trusts accepted and executed., with citation guidance and answers to common questions.
§ 56-2-203. Life insurance — Annuity or contract loans — Trusts accepted and executed.
The company has the further right to insure the lives of persons, and engage in the general business of life insurance, and, coupled with that right, the right to grant and sell annuity, or contract loans based on life annuity, with benefit of survivorship, and accept and execute all legal trusts that may be confided to it. Acts 1875, ch. 142, § 10; Shan., § 2261; Code 1932, § 3974; T.C.A. (orig. ed.), §§ 56-206, 56-220. Cross-References. Life, endowment or annuity contracts of life insurance companies, § 35-3-113 . Standard nonforfeiture law for individual deferred annuities, §§ 56-36-101 — 56-36-112 . Collateral References. Insurable interest of brother or sister in life of sibling. 60 A.L.R.3d 98. Right of life insurer to restitution of payments made because of fraud as to death of insured. 59 A.L.R.2d 1107.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-2-203
What does Tennessee Code Annotated § 56-2-203 cover?
Section 56-2-203 ("Life insurance — Annuity or contract loans — Trusts accepted and executed.") 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 § 56-2-203?
A common citation format is "Tennessee Code Annotated § 56-2-203" (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 § 56-2-203 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.