TCA § 56-7-308 — Provisions in life insurance policies issued by foreign companies — Provisions in foreign policies of domestic companies

The policies of a life insurance company not organized under the laws of this state may, if approved by the commissioner of this state, contain any provision that the law of the state, territory, district, or country under which the company is organized prescribes shall be in the policies when issued in this state, and the policies of a life insurance company organized under the laws of this state may, when issued or delivered in any other state, territory, district, or country, contain any provision required by the laws of the state, territory, district, or country in which they are issued, anything in §§ 56-7-309 — 56-7-311 , 56-7-2307 , 56-7-2308 , and 56-7-2311 to the contrary notwithstanding. Acts 1907, ch. 457, § 5; Shan., § 3348a12; Code 1932, § 6183; T.C.A. (orig. ed.), § 56-1119. NOTES TO DECISIONS 1. Controlling Statute. 1. Controlling Statute. Where the statute in effect at the time of the issuance of the life insurance policy expressly excluded life insurance from the two-year incontestability clause, it will control over a statute in effect at the time the policy was being sued on including life insurance within the two-year incontestability clause. Home Ben. Ass'n v. McClain, 20 Tenn. App. 24, 95 S.W.2d 53, 1935 Tenn. App. LEXIS 4 (Tenn. Ct. App. 1935).