Certain provisions as to defaulted policies, loans and reserves cannot be waived

No agreement between the company and the policyholder or applicant for insurance shall be held to waive §§ 56-2-115 , 56-7-312 , 56-7-401 and 56-7-2309 . Acts 1907, ch. 454, § 4; Shan., § 3348a36; Code 1932, § 6211; Acts 1945, ch. 56, § 9; C. Supp. 1950, § 6211; T.C.A. (orig. ed.), § 56-1124. No agreement between the company and the policyholder or applicant for insurance shall be held to waive §§ 56-2-115 , 56-7-312 , 56-7-401 and 56-7-2309 . Acts 1907, ch. 454, § 4; Shan., § 3348a36; Code 1932, § 6211; Acts 1945, ch. 56, § 9; C. Supp. 1950, § 6211; T.C.A. (orig. ed.), § 56-1124.