Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-07 - Credit Transaction Covering Motor Vehicles and Mortgaged Property
Section 0780-01-07-.03 - LENDER'S RIGHTS
Universal Citation: TN Comp Rules and Regs 0780-01-07-.03
Current through September 24, 2024
The lender has the right to select the type of insurance company (mutual, stock, reciprocal) whose policies will be acceptable. The lender also may prescribe reasonable requirements regarding the financial structure and stability of the company, including reinsurance agreements. In prescribing these requirements, the adequacy of the insurance coverage provided by an insurance company may be taken into consideration.
Authority: T.C.A. § 56-2-301.
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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