56-7-704 - Provisions in industrial life insurance policies more favorable to policyholder permissible.
56-7-704. Provisions in industrial life insurance policies more favorable to policyholder permissible.
Any industrial life insurance contracts may be delivered or issued for delivery in this state, which contracts contain provisions more favorable to the policyholder than those required by §§ 56-7-701 56-7-703 and this section, and nothing in §§ 56-7-701 56-7-703 and this section shall be construed as prohibiting more favorable provisions.
[Acts 1945, ch. 27, § 4; C. Supp. 1950, § 6447.4; T.C.A. (orig. ed.), § 56-1131.]