56-21-115 - Regular and contingent premium information in policy.
56-21-115. Regular and contingent premium information in policy.
The amount of the regular premium and the contingent premium shall be plainly written on the outside or title page of the policy, and it shall be plainly stated in the policy or insurance contract that it is issued in consideration of the regular premium, and the further contingent premium of not less than the same amount in addition to the premium.
[Acts 1907, ch. 461, § 5; Shan., § 3369a15; Acts 1921, ch. 160, § 5; Code 1932, § 6266; T.C.A. (orig. ed.), § 56-2017.]