Tennessee § 56-7-914 - Annual declaration concerning compensation to creditors.
Full text of Tennessee Tennessee Code Annotated § 56-7-914 — Annual declaration concerning compensation to creditors., with citation guidance and answers to common questions.
§ 56-7-914. Annual declaration concerning compensation to creditors.
As part of its required annual statement, each company licensed to sell credit insurance in this state and each company authorized as a credit reinsurer in this state shall submit a declaration under oath executed by the company president stating whether the company or a subsidiary has: Paid any compensation to creditors in violation of § 56-7-902; or Entered into any reinsurance transaction with a reinsurer who, with the knowledge of the declaring company, has paid compensation to creditors in violation of § 56-7-902. In the event a company submits a false declaration as described in subsection (a), the company shall be subject to the sanctions set forth in § 56-8-109. Acts 1988, ch. 834, § 1. Compiler's Notes. Acts 1988, ch. 834, § 2 provided that this section shall apply to all annual statements filed after April 25, 1988.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-7-914
What does Tennessee Code Annotated § 56-7-914 cover?
Section 56-7-914 ("Annual declaration concerning compensation to creditors.") 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 § 56-7-914?
A common citation format is "Tennessee Code Annotated § 56-7-914" (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 § 56-7-914 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.