Tennessee § 56-25-304 - Restrictions on merger, consolidation or reinsurance.
Full text of Tennessee Tennessee Code Annotated § 56-25-304 — Restrictions on merger, consolidation or reinsurance., with citation guidance and answers to common questions.
§ 56-25-304. Restrictions on merger, consolidation or reinsurance.
No fraternal benefit society organized under the laws of this state to do the business of life, accident, or health insurance shall consolidate or merge with any other fraternal benefit society, or reinsure its insurance risks, or any part thereof, with any other fraternal benefit society, or assume or reinsure the whole or any portion of the risks of any other fraternal benefit society, except as provided in this chapter. No fraternal benefit society or subordinate body thereof shall merge or consolidate with any company or association not licensed to transact business as a fraternal benefit society. Each fraternal benefit society subject to this chapter shall comply with §§ 56-2-207 — 56-2-209 governing reinsurance contracts. In addition, no reinsurance contract of a fraternal benefit society shall cede or assume risks resident of this state if the principal purpose of such reinsurance contract, as determined by the commissioner, is to avoid the tax due under § 56-4-205. Acts 1990, ch. 703, § 1; 1999, ch. 177, §§ 1, 2; T.C.A. § 56-25-1304 . Code Commission Notes. This section was renumbered from § 56-25-1304 to § 56-25-304 by authority of the Code Commission in 2016. Textbooks. Tennessee Jurisprudence, 5 Tenn. Juris., Beneficial and Benevolent Associations, § 13.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-25-304
What does Tennessee Code Annotated § 56-25-304 cover?
Section 56-25-304 ("Restrictions on merger, consolidation or reinsurance.") 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 § 56-25-304?
A common citation format is "Tennessee Code Annotated § 56-25-304" (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 § 56-25-304 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.