Tennessee § 56-1-912 Reserve calculation - Indeterminate premium plans

Tennessee Statutes

§ 56-1-912 — Reserve calculation - Indeterminate premium plans

Tennessee § 56-1-912

Title56

This text of Tennessee § 56-1-912 (Reserve calculation - Indeterminate premium plans) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 56-1-912 (2026).

Text

In the case of a plan of life insurance that provides for future premium determination, the amounts of which are to be determined by the insurance company based on then estimates of future experience, or in the case of a plan of life insurance or annuity that is of such a nature that the minimum reserves cannot be determined by the methods described in §§ 56-1-907 , 56-1-908 and 56-1-911 , the reserves that are held under the plan shall, as determined by regulations promulgated by the commissioner:

(1)Be appropriate in relation to the benefits and the pattern of premiums for that plan; and (2) Be computed by a method that is consistent with the principles of this part.

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In the case of a plan of life insurance that provides for future premium determination, the amounts of which are to be determined by the insurance company based on then estimates of future experience, or in the case of a plan of life insurance or annuity that is of such a nature that the minimum reserves cannot be determined by the methods described in §§ 56-1-907 , 56-1-908 and 56-1-911 , the reserves that are held under the plan shall, as determined by regulations promulgated by the commissioner: (1) Be appropriate in relation to the benefits and the pattern of premiums for that plan; and (2) Be computed by a method that is consistent with the principles of this part.