{"data":{"id":"us-tn/tenn.-code-ann.-56-7-502","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 56-7-502","heading":"Contingent and mortality endowment contracts - Promising particular number or position in class or to division to policyholder prohibited - Penalty","body":"(a) No agent or organizer of any life insurance company, fraternal benefit society, order or association referred to in § 56-7-501 shall promise any particular number or position in class or division to any existing policyholder of contingent or mortality endowment contracts, as described in § 56-7-501 .\n(b) For violation of this section, agents shall be subject to revocation of license or shall pay a fine of fifty dollars ($50.00) on each individual violation, following a hearing before the commissioner; and, in the commissioner's discretion, the company that the agent represents shall be liable, following repeated violations by its agents operating in this state, to a fine not exceeding a total of two hundred fifty dollars ($250) in the commissioner's discretion following a hearing.","path":["TN Code","Title 56","Chapter 7"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"5edfa0d18801011110605911c8c7a1ef01fcf888028c9107af235929d8f64bbe","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-56-7-501","next":"us-tn/tenn.-code-ann.-56-7-503"},"notice":"GroundRules: Original legal text. Not legal advice."}