# Tenn. Code Ann. § 56-50-105: Approval of viatical settlement contracts and disclosure statements

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-105

## Section

- **Citation:** Tenn. Code Ann. § 56-50-105
- **Heading:** Approval of viatical settlement contracts and disclosure statements
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 56 / Chapter 50 / Section 56-50-105

## Text

A person shall not use a viatical settlement contract form or provide to a viator a disclosure statement form in this state unless first filed with and approved by the commissioner. The commissioner shall disapprove a viatical settlement contract form or disclosure statement form if, in the commissioner's opinion, the contract or provisions contained in the contract fail to meet the requirements of this chapter, including, but not limited to §§ 56-50-108 , 56-50-110 , 56-50-113 and 56-50-114(b) , or are unreasonable, contrary to the interests of the public or otherwise misleading or unfair to the viator. At the commissioner's discretion, the commissioner may require the submission of advertising material prior to its use in this state. Acts 2009, ch. 604, § 6.
A person shall not use a viatical settlement contract form or provide to a viator a disclosure statement form in this state unless first filed with and approved by the commissioner. The commissioner shall disapprove a viatical settlement contract form or disclosure statement form if, in the commissioner's opinion, the contract or provisions contained in the contract fail to meet the requirements of this chapter, including, but not limited to §§ 56-50-108 , 56-50-110 , 56-50-113 and 56-50-114(b) , or are unreasonable, contrary to the interests of the public or otherwise misleading or unfair to the viator. At the commissioner's discretion, the commissioner may require the submission of advertising material prior to its use in this state.
Acts 2009, ch. 604, § 6.

## Nearby sections

- [Tenn. Code Ann. § 56-50-101 Scope and short title](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-101.md)
- [Tenn. Code Ann. § 56-50-102 Chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-102.md)
- [Tenn. Code Ann. § 56-50-103 License and bond requirements](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-103.md)
- [Tenn. Code Ann. § 56-50-104 License revocation and denial](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-104.md)
- [Tenn. Code Ann. § 56-50-105 Approval of viatical settlement contracts and disclosure statements](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-105.md)
- [Tenn. Code Ann. § 56-50-106 Reporting requirements and privacy](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-106.md)
- [Tenn. Code Ann. § 56-50-107 Examination or investigations](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-107.md)
- [Tenn. Code Ann. § 56-50-108 Disclosure to viator](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-108.md)
- [Tenn. Code Ann. § 56-50-109 Disclosure to insurer](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-109.md)
- [Tenn. Code Ann. § 56-50-110 General rules](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-110.md)
- [Tenn. Code Ann. § 56-50-111 Prohibited practices](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-111.md)
- [Tenn. Code Ann. § 56-50-112 Prohibited practices and conflicts of interest](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-112.md)
- [Tenn. Code Ann. § 56-50-113 Advertising for viatical settlements and viatical settlement purchase agreements](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-113.md)
- [Tenn. Code Ann. § 56-50-114 Fraud prevention and control](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-105. Check the current official text before relying on it. Not legal advice.