56-36-109 - Disclosure of limited benefits.

56-36-109. Disclosure of limited benefits.

Any contract that does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amount prior to the commencement of any annuity payments shall include a statement in a prominent place in the contract that the benefits are not provided.

[Acts 1978, ch. 590, § 9; T.C.A., § 56-4609.]