# Tenn. Code Ann. § 56-3-107: Disbursements by life insurance companies to be upon vouchers or affidavits

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-107

## Section

- **Citation:** Tenn. Code Ann. § 56-3-107
- **Heading:** Disbursements by life insurance companies to be upon vouchers or affidavits
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 56 / Chapter 3 / Section 56-3-107

## Text

(a) No life insurance company doing business in this state shall make any payment out of its funds amounting to one hundred dollars ($100) or more unless the payment is evidenced by a voucher signed by or on behalf of the person receiving the money and correctly describing the consideration for the payment. If the payment is for both services and other purposes, the voucher shall set forth an itemized statement of the specific services rendered and of all other expenditures. If the expenditure is in connection with any matter pending before any legislative or public body or before any department or officer of any state or government, the voucher shall correctly describe, in addition, the nature of the matter and the interest of the company. (b) When the voucher cannot be obtained, the expenditure shall be evidenced by an affidavit describing the character and object of the expenditure and stating the reason for not obtaining the voucher. Acts 1907, ch. 439, § 1; Shan., § 3348a24; Code 1932, § 6195; T.C.A. (orig. ed.), §§ 56-224, 56-328.
(a) No life insurance company doing business in this state shall make any payment out of its funds amounting to one hundred dollars ($100) or more unless the payment is evidenced by a voucher signed by or on behalf of the person receiving the money and correctly describing the consideration for the payment. If the payment is for both services and other purposes, the voucher shall set forth an itemized statement of the specific services rendered and of all other expenditures. If the expenditure is in connection with any matter pending before any legislative or public body or before any department or officer of any state or government, the voucher shall correctly describe, in addition, the nature of the matter and the interest of the company.
(b) When the voucher cannot be obtained, the expenditure shall be evidenced by an affidavit describing the character and object of the expenditure and stating the reason for not obtaining the voucher.
Acts 1907, ch. 439, § 1; Shan., § 3348a24; Code 1932, § 6195; T.C.A. (orig. ed.), §§ 56-224, 56-328.

## Nearby sections

- [Tenn. Code Ann. § 56-3-101 Investments of insurance companies organized after May 11, 1895](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-101.md)
- [Tenn. Code Ann. § 56-3-102 [Repealed]](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-102.md)
- [Tenn. Code Ann. § 56-3-103 Officers must not be pecuniarily interested in investment or disposition of funds of domestic company](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-103.md)
- [Tenn. Code Ann. § 56-3-104 Investments of domestic company in which officers pecuniarily interested not to be allowed as an admitted asset](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-104.md)
- [Tenn. Code Ann. § 56-3-105 Regulation of compensation of officers, agents and employees of life insurance companies and fraternal benefit societies](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-105.md)
- [Tenn. Code Ann. § 56-3-106 Pensions to officers, directors, or trustees, or to members of their families prohibited to domestic stock or mutual life insurance companies or fraternal benefit societies - Employees' retirement plans permitted](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-106.md)
- [Tenn. Code Ann. § 56-3-107 Disbursements by life insurance companies to be upon vouchers or affidavits](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-107.md)
- [Tenn. Code Ann. § 56-3-108 Dividends - Unauthorized payment - Penalty](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-108.md)
- [Tenn. Code Ann. § 56-3-109 Dividends - Illegal division - Directors' liability to creditors](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-109.md)
- [Tenn. Code Ann. § 56-3-110 Unclaimed dividends - Publication](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-110.md)
- [Tenn. Code Ann. § 56-3-111 Certain insurance companies to report settlement or judgment in health care liability claims](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-111.md)
- [Tenn. Code Ann. § 56-3-112 [Repealed]](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-112.md)
- [Tenn. Code Ann. § 56-3-113 Valuation of bonds](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-113.md)
- [Tenn. Code Ann. § 56-3-114 Valuation of securities](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-107. Check the current official text before relying on it. Not legal advice.