Provisions in industrial life insurance policies more favorable to policyholder permissible

Any industrial life insurance contracts may be delivered or issued for delivery in this state, which contracts contain provisions more favorable to the policyholder than those required by §§ 56-7-701 - 56-7-704, and nothing in §§ 56-7-701 - 56-7-704 shall be construed as prohibiting more favorable provisions. Acts 1945, ch. 27, § 4; C. Supp. 1950, § 6447.4; T.C.A. (orig. ed.), § 56-1131. Any industrial life insurance contracts may be delivered or issued for delivery in this state, which contracts contain provisions more favorable to the policyholder than those required by §§ 56-7-701 - 56-7-704, and nothing in §§ 56-7-701 - 56-7-704 shall be construed as prohibiting more favorable provisions. Acts 1945, ch. 27, § 4; C. Supp. 1950, § 6447.4; T.C.A. (orig. ed.), § 56-1131.