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-.12 - LICENSED AGENT

Universal Citation: TN Comp Rules and Regs 0780-01-04-.12

Current through September 24, 2024

(1) All individual policies of credit insurance and all certificates of group credit insurance for which an identifiable charge is made shall be issued through agents who have qualified as agents under Title 56, Chapter 8, Tennessee Code Annotated. Attention is called specifically to the exemption from examination requirements in Section 56-806, which pertains only to persons acting as agents for group credit insurance. At least one person so licensed shall be available in each location where credit insurance is offered.

(2) All premiums or identifiable charges collected shall be paid the insurer within the terms of an agency contract or group policy. All agency contracts shall be in accordance with these Rules. Each company shall file with the Commissioner a specimen of each of its agency contract forms, accompanied by a certification that no contract or modification of a contract, oral or written, has or will be used other than that on file with the Commissioner.

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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.