Written agreement to charges — Contents of contract
Known as the Tennessee Insurance Law
The act spans §§ 56-10-101 to 56-8-206 (1,220 sections).
Acts 1965, ch. 356, § 3; T.C.A., § 56-716.
In the event time-price differential charges are made pursuant to this part, the purchaser of insurance must agree to the charges in writing, and the instrument must contain:
(1) The cash price of the insurance policy or bond and the amount of the initial payment, if any;
(2) The difference between the two (2), if any;
(3) The principal balance owed;
(4) The amount of the time-price differential; and
(5) The time balance owed by the buyer.
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.