The buyer of insurance may prepay in full at any time before maturity the unpaid balance due, and in so paying the unpaid balance, shall receive a refund credit as provided under § 47-11-103(h).
Structure 2021 Tennessee Code
Chapter 6 - Agents, Solicitors and Administrators
Part 3 - Time-Price Differential Payment of Agents
§ 56-6-301. Charges on Unpaid Balances on Premium Payments — Time-Price Differential
§ 56-6-302. Computation of Time-Price Differential
§ 56-6-303. Written Agreement to Charges — Contents of Contract
§ 56-6-304. Prepayment by Buyer Before Maturity — Refund Credit
§ 56-6-305. Willful Violation a Misdemeanor — Penalty
§ 56-6-306. Transactions Not Loans — Industrial Loan and Thrift Companies Provisions Inapplicable