Tennessee Code Annotated
Tenn. Code Ann. § 66-29-115 (2026)
Deposit account for proceeds of insurance policy or annuity contract
✓ current as of May 2026
If proceeds payable under a life or endowment insurance policy or annuity contract are deposited into an account with check or draft writing privileges for the beneficiary of the policy or contract, and the proceeds are retained by the insurance company or its agent under a supplementary contract not involving annuity benefits other than death benefits, the policy or contract includes the assets in the account.
Amended by 2017 Tenn. Acts, ch. 457,s 1, eff. 7/1/2017.
Acts 1978, ch. 561, § 15; T.C.A., § 64-2915; Acts 1982, ch. 575, § 1; 1983, ch. 78, § 5; 1993, ch. 195, § 17; 1996, ch. 642, § 3; 2001, ch. 157, §§ 4, 5, 7; 2001, ch. 291, § 1; 2011, ch. 285, §§ 4, 5.
Notes of Decisions
Cited in 2
cases, 1988–2008 · leading case: Presley v. City of Memphis, 769 S.W.2d 221 (Tenn. Ct. App. 1988).
Presley v. City of Memphis, 769 S.W.2d 221 (Tenn. Ct. App. 1988). “§ 66-29-113 requires that the holder of the described property report that property to the state treasurer.”
High Country Adventures, Inc. v. Polk Cnty. (Tenn. Ct. App. 2008). “§ 66-29-1104 and shall be paid to the state treasurer for disposition in accordance with Tenn. Code Ann. §§ 66-29-115 and 66-29-121.”
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