56-26-126 - Insurer's option to renew to be stated on face of policy.
56-26-126. Insurer's option to renew to be stated on face of policy.
No policy of accident, sickness or hospital insurance in which the insurer reserves the right to refuse renewal thereof shall be delivered or issued for delivery to any person in this state unless the policy shall show conspicuously on the face thereof the words, RENEWABLE AT OPTION OF COMPANY, or similar wording which, in the opinion of the commissioner, has substantially the same meaning and effect.
[Acts 1970, ch. 455, § 2; 1976, ch. 397, § 6; T.C.A., § 56-3326.]