Tennessee § 56-7-503 - Commissioner to make orders for enforcement of contingent and mortality endowment contracts.
Full text of Tennessee Tennessee Code Annotated § 56-7-503 — Commissioner to make orders for enforcement of contingent and mortality endowment contracts., with citation guidance and answers to common questions.
§ 56-7-503. Commissioner to make orders for enforcement of contingent and mortality endowment contracts.
The commissioner has authority, upon examination and investigation of any companies writing the contracts referred to in § 56-7-501 , to make orders the commissioner finds necessary from time to time to carry out the duties imposed upon the commissioner by law and by this part; but the orders shall not include authority to order the company to return premiums collected during the period and prior to the order. Acts 1939, ch. 31, § 4; C. Supp. 1950, § 6459.3 (Williams, § 6459.4); impl. am. Acts 1971, ch. 137, § 1; T.C.A. (orig. ed.), § 56-1127.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-7-503
What does Tennessee Code Annotated § 56-7-503 cover?
Section 56-7-503 ("Commissioner to make orders for enforcement of contingent and mortality endowment contracts.") 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 § 56-7-503?
A common citation format is "Tennessee Code Annotated § 56-7-503" (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 § 56-7-503 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.