Tennessee § 56-7-703 - Industrial life insurance policies to which preceding section inapplicable — Provisions in addition to other requirements.
Full text of Tennessee Tennessee Code Annotated § 56-7-703 — Industrial life insurance policies to which preceding section inapplicable — Provisions in addition to other requirements., with citation guidance and answers to common questions.
§ 56-7-703. Industrial life insurance policies to which preceding section inapplicable — Provisions in addition to other requirements.
The requirements of § 56-7-702 shall not be applicable as follows: When an industrial life insurance policy is issued providing for accident and/or health benefits, in addition to natural death benefits, the requirements of § 56-7-702 shall apply only to the life insurance portion of the policy; Any of § 56-7-702(a) not applicable to nonparticipating or term policies shall to that extent not be incorporated into the policies. Section 56-7-702(a) does not apply to policies issued or granted pursuant to the nonforfeiture provisions described in § 56-7-702(b)(6)-(8); and in the case of any company that elects to comply with §§ 56-7-401 and 56-7-702(b)(6)-(8) and (10) shall apply only to policies issued prior to the operative date of § 56-7-401. Furthermore, in the case of term insurance policies of twenty (20) years or less that are not subject to §§ 56-7-401 and 56-7-702(b)(6)-(8) shall not be required, but the term policies shall specify the mortality table, rate of interest, and method of valuation for computing reserves; The provisions of § 56-7-702 are in addition to, and not in lieu of, other provisions that may now or hereafter be contained in policies delivered or issued for delivery in this state, unless the provisions are wholly inconsistent with and repugnant to the provisions set out in § 56-7-702. Acts 1945, ch. 27, § 3; 1947, ch. 218, § 1; C. Supp. 1950, § 6447.3; Acts 1979, ch. 398, § 9; T.C.A. (orig. ed.), § 56-1130.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-7-703
What does Tennessee Code Annotated § 56-7-703 cover?
Section 56-7-703 ("Industrial life insurance policies to which preceding section inapplicable — Provisions in addition to other requirements.") 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 § 56-7-703?
A common citation format is "Tennessee Code Annotated § 56-7-703" (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 § 56-7-703 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.