# Tenn. Code Ann. § 35-50-102: Insurance trusts - Creation - Validity

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-102

## Section

- **Citation:** Tenn. Code Ann. § 35-50-102
- **Heading:** Insurance trusts - Creation - Validity
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 35 / Chapter 50 / Section 35-50-102

## Text

Any trust previously or subsequently established by the depositing with or transferring to a trustee of any life, accident or health insurance policies with proceeds assigned or otherwise made payable to the trustee, irrespective of whether the designation of policy beneficiary is revocable or irrevocable, or whether the insured reserves loan privileges, the right to receive the cash surrender values under any of the policies, the right to receive dividends, or any other or all benefits under any of the policies and/or avails the insured thereof, and irrespective also of whether or not the creator of the trust reserves to the creator the right to modify the trust or withdraw part or all of the property from the trust, shall be valid and legally effective as to all the property and the disposition of the property, except any that may have been affected by the exercise of any of the reserved rights, and it shall not be necessary to the validity of the trust that the instrument creating the trust be executed according to the formalities prescribed for the execution of wills. Code 1932, § 9596; T.C.A. (orig. ed.), § 35-602.
Any trust previously or subsequently established by the depositing with or transferring to a trustee of any life, accident or health insurance policies with proceeds assigned or otherwise made payable to the trustee, irrespective of whether the designation of policy beneficiary is revocable or irrevocable, or whether the insured reserves loan privileges, the right to receive the cash surrender values under any of the policies, the right to receive dividends, or any other or all benefits under any of the policies and/or avails the insured thereof, and irrespective also of whether or not the creator of the trust reserves to the creator the right to modify the trust or withdraw part or all of the property from the trust, shall be valid and legally effective as to all the property and the disposition of the property, except any that may have been affected by the exercise of any of the reserved rights, and it shall not be necessary to the validity of the trust that the instrument creating the trust be executed according to the formalities prescribed for the execution of wills.
Code 1932, § 9596; T.C.A. (orig. ed.), § 35-602.

## Nearby sections

- [Tenn. Code Ann. § 35-50-101 Joint control of deposits by principal and surety is lawful](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-101.md)
- [Tenn. Code Ann. § 35-50-102 Insurance trusts - Creation - Validity](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-102.md)
- [Tenn. Code Ann. § 35-50-103 Life insurance proceeds payable to trustee](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-103.md)
- [Tenn. Code Ann. § 35-50-104 Purchase of annuity contract](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-104.md)
- [Tenn. Code Ann. § 35-50-105 Fiduciaries may effect liability and accident insurance on property](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-105.md)
- [Tenn. Code Ann. § 35-50-106 Trusts for employees' benefit - Rule against perpetuities](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-106.md)
- [Tenn. Code Ann. § 35-50-107 Limitations on appointment of nonresident fiduciary](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-107.md)
- [Tenn. Code Ann. § 35-50-108 Designation of beneficiaries of employee pension, stock bonus or investment plans](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-108.md)
- [Tenn. Code Ann. § 35-50-109 Incorporation of Section 35-50-110 in will or trust instrument](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-109.md)
- [Tenn. Code Ann. § 35-50-110 Specifically enumerated fiduciary powers that may be incorporated by reference](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-110.md)
- [Tenn. Code Ann. § 35-50-111 Fiduciary bond on interest](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-111.md)
- [Tenn. Code Ann. § 35-50-112 Impairment of marital deduction prohibited](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-112.md)
- [Tenn. Code Ann. § 35-50-113 Powers exercisable by majority - Liability](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-113.md)
- [Tenn. Code Ann. § 35-50-120 Blind trust](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-120.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-102. Check the current official text before relying on it. Not legal advice.