# Tenn. Code Ann. § 56-50-109: Disclosure to insurer

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-109

## Section

- **Citation:** Tenn. Code Ann. § 56-50-109
- **Heading:** Disclosure to insurer
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 56 / Chapter 50 / Section 56-50-109

## Text

Prior to the initiation of a plan, transaction or series of transactions, a viatical settlement broker or viatical settlement provider shall fully disclose to an insurer a plan, transaction or series of transactions to which the viatical settlement broker or viatical settlement provider is a party, to originate, renew, continue or finance a life insurance policy with the insurer for the purpose of engaging in the business of viatical settlements at anytime prior to or during the first five (5) years after issuance of the policy. The insurer shall not disclose this information to any other viatical settlement provider or viatical settlement broker, including those affiliates of the insurer engaged in viatical settlement activity. Acts 2009, ch. 604, § 10.
Prior to the initiation of a plan, transaction or series of transactions, a viatical settlement broker or viatical settlement provider shall fully disclose to an insurer a plan, transaction or series of transactions to which the viatical settlement broker or viatical settlement provider is a party, to originate, renew, continue or finance a life insurance policy with the insurer for the purpose of engaging in the business of viatical settlements at anytime prior to or during the first five (5) years after issuance of the policy. The insurer shall not disclose this information to any other viatical settlement provider or viatical settlement broker, including those affiliates of the insurer engaged in viatical settlement activity.
Acts 2009, ch. 604, § 10.

## 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_S56-50-109. Check the current official text before relying on it. Not legal advice.