Tennessee § 56-7-315 - Interest payable after receipt of claim.
Full text of Tennessee Tennessee Code Annotated § 56-7-315 — Interest payable after receipt of claim., with citation guidance and answers to common questions.
§ 56-7-315. Interest payable after receipt of claim.
An insurer of a life insurance policy or annuity issued for delivery in this state, with respect to a claim for benefits by reason of the death of the insured or annuitant, shall pay interest beginning on the fifteenth day following the date of death of the insured or annuitant, with the interest compounded annually for a period not to exceed three (3) years from that date. The rate of interest payable shall not be less than the interest currently paid by the insurer with respect to proceeds left on deposit. Acts 1993, ch. 351, § 1; 2002, ch. 681, § 1. Compiler's Notes. Acts 2002, ch. 681, § 2, provided that the amendment to this section by that act shall apply to all claims submitted on and after July 1, 2002.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-7-315
What does Tennessee Code Annotated § 56-7-315 cover?
Section 56-7-315 ("Interest payable after receipt of claim.") 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 § 56-7-315?
A common citation format is "Tennessee Code Annotated § 56-7-315" (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 § 56-7-315 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.