Section 56-1-503 - False statement - Penalty - Perjury(a) For willfully making a false annual or other statement it is required by law to make, an insurance company, and persons making oath to or subscribing to the statement, shall be severally punished by a fine of not less than five hundred dollars ($500) nor more than one thousand dollars ($1,000).(b) Any person making oath to the false statement commits perjury.Acts 1895, ch. 160, § 34; Shan., § 3319; Code 1932, § 6148; T.C.A. (orig. ed.), § 56-133.