Except for §§ 56-7-401, 56-7-2307(2), (7), (10) and (12), and 56-7-2309, and except as otherwise provided in this part, all pertinent provisions of the insurance laws of this state apply to separate accounts and agreements issued in connection with the accounts. Any individual variable life insurance agreement delivered or issued for delivery in this state shall contain grace, reinstatement and nonforfeiture provisions appropriate to the agreement. The reserve liability for variable benefits shall be established in accordance with actuarial procedures that recognize the variable nature of the benefits provided and any mortality guarantees.
Structure 2021 Tennessee Code
Chapter 3 - Operation of Insurance Companies
Part 5 - Separate Accounts and Allocations
§ 56-3-502. Investment of Amounts Allocated to Separate Accounts
§ 56-3-503. Gains and Losses Credited to or Charged Against Allocation
§ 56-3-504. Valuation of Assets Allocated to Separate Account
§ 56-3-505. Amounts Allocated to Be Company Owned
§ 56-3-506. Agreements Providing for Annuity Benefits on a Variable Basis — Statements Required
§ 56-3-508. Regulation of Agreements — Rulemaking Power — Licensing