Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-04 - Credit Life Insurance and Credit Accident and Health Insurance
Section 0780-01-04-.03 - FORMS OF CREDIT INSURANCE
Universal Citation: TN Comp Rules and Regs 0780-01-04-.03
Current through September 24, 2024
(1) Credit life insurance and credit accident and health insurance policies which provide benefits differing in kind or character from those set forth in this section, shall be deemed not to conform with T.C.A. § 56-1159.
(a) Individual policies of credit life
insurance issued to debtors on the term plan.
(a) Group policies of credit life insurance
issued to creditors providing insurance upon the lives of debtors on the term
plan.
(a) Individual policies of
credit accident and health insurance issued to debtors and group policies of
credit accident and health insurance issued to creditors, or disability benefit
provisions in credit life insurance policies to provide such coverage in any
case on a term plan providing:
1. Benefits
payable on any one of the following plans:
(i)
After the seventh day of disability due to sickness or accident and retroactive
to the first day of such disability, or
(i) After the fourteenth day of disability
due to sickness or accident and retroactive to the first day of such
disability, or
(i) After the
fourteenth day of disability due to sickness or accident, or
(i) After the thirtieth day of disability due
to sickness or accident and retroactive to the first day of such disability, or
(i) After the thirtieth day of
disability due to sickness or accident, or
1. Under any other plan approved by the
Commissioner, benefit payable after such other waiting periods or upon such
conditions as he shall approve as provided in Rule
0780-1-1-.06.
Authority: T.C.A. §§ 45-5-403, 56-7-901 and 56-8-110.
Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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