# Tenn. Code Ann. § 35-50-105: Fiduciaries may effect liability and accident insurance on property

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-105

## Section

- **Citation:** Tenn. Code Ann. § 35-50-105
- **Heading:** Fiduciaries may effect liability and accident insurance on property
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 35 / Chapter 50 / Section 35-50-105

## Text

(a) All guardians, executors, administrators and trustees are authorized to effect liability and accident insurance, in such amount as may be reasonable and proper, on any or all real or personal property under their management and control. (b) Premiums paid on insurance effected according to subsection (a) shall be a proper charge against the estate under management or control, and shall be allowed as a credit on settlements made. Acts 1925, ch. 24, §§ 1, 2; Shan. Supp., §§3349a3, 3349a4; Code 1932, §§ 6215, 6216; T.C.A. (orig. ed.) §§ 35-607, 35-608.
(a) All guardians, executors, administrators and trustees are authorized to effect liability and accident insurance, in such amount as may be reasonable and proper, on any or all real or personal property under their management and control.
(b) Premiums paid on insurance effected according to subsection (a) shall be a proper charge against the estate under management or control, and shall be allowed as a credit on settlements made.
Acts 1925, ch. 24, §§ 1, 2; Shan. Supp., §§3349a3, 3349a4; Code 1932, §§ 6215, 6216; T.C.A. (orig. ed.) §§ 35-607, 35-608.

## 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)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C50_S35-50-105. Check the current official text before relying on it. Not legal advice.