Tennessee § 56-3-506 - Agreements providing for annuity benefits on a variable basis — Statements required.
Full text of Tennessee Tennessee Code Annotated § 56-3-506 — Agreements providing for annuity benefits on a variable basis — Statements required., with citation guidance and answers to common questions.
§ 56-3-506. Agreements providing for annuity benefits on a variable basis — Statements required.
If the agreement provides for payment of benefits in variable amounts, it shall contain a statement of the essential features of the procedure to be followed by the company in determining the dollar amount of the variable benefits. The agreement, and any certificate in evidence of variable benefits issued under the agreement, shall state that the dollar amount may decrease or increase and shall contain on its first page a statement that the benefits under the agreement are on a variable basis. Acts 1967, ch. 353, § 6; T.C.A., § 56-263; Acts 1970, ch. 493, § 2; T.C.A., § 56-317.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-3-506
What does Tennessee Code Annotated § 56-3-506 cover?
Section 56-3-506 ("Agreements providing for annuity benefits on a variable basis — Statements required.") 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 § 56-3-506?
A common citation format is "Tennessee Code Annotated § 56-3-506" (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 § 56-3-506 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.