56-7-503 - Commissioner to make orders for enforcement of contingent and mortality endowment contracts. - Tennessee Statutes

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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.]

State Codes and Statutes

Statutes > Tennessee > Title-56 > Chapter-7 > Part-5 > 56-7-503

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.]

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State Codes and Statutes

Statutes > Tennessee > Title-56 > Chapter-7 > Part-5 > 56-7-503

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.]