Extent of policyholder's liability

No policyholder shall be liable for any amount in excess of the regular premium and contingent premium as herein provided for and required to be stated in the policy or insurance contract; nor shall any policyholder be liable for losses or expenses accruing before the policy was issued, nor for losses or expenses accruing after the termination of the insurance. Acts 1907, ch. 461, § 5; Shan., § 3369a17; Acts 1921, ch. 160, § 5; Code 1932, § 6268; T.C.A. (orig. ed.), § 56-2020. No policyholder shall be liable for any amount in excess of the regular premium and contingent premium as herein provided for and required to be stated in the policy or insurance contract; nor shall any policyholder be liable for losses or expenses accruing before the policy was issued, nor for losses or expenses accruing after the termination of the insurance. Acts 1907, ch. 461, § 5; Shan., § 3369a17; Acts 1921, ch. 160, § 5; Code 1932, § 6268; T.C.A. (orig. ed.), § 56-2020.