1. (1) The right of a Beneficiary or Account Owner to receive benefits in accordance with a Contract shall not be defeated or impaired by any statute or rule of law governing the transfer of property by will or by intestate succession.

Authority: T.C.A. §§ 49-7-802 and 49-7-805(16). Administrative History: Emergency rule filed December 29, 2011; effective through June 26, 2012. New rule filed December 29, 2011; effective May 29, 2012. Amendments filed March 5, 2018; effective June 3, 2018.