Any paid-up annuity, cash surrender or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations, shall be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.
Tenn. Code Ann. § 56-36-110
Inclusion of lapse of time considerations
Known as the Standard Nonforfeiture Law
The act spans §§ 56–56 (13 sections).
Acts 1978, ch. 590, § 10; T.C.A., § 56-4610.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.