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-.04 - BORROWER'S AGENTS LIST
Universal Citation: TN Comp Rules and Regs 0780-01-07-.04
Current through September 24, 2024
The borrower shall have the right to submit to the lender a list containing a reasonable choice of agents and/or insures selected by the borrower, who will write the insurance in connection with the loan. The number of agencies comprising a "reasonable choice" shall be construed to be a minimum of three (3) agents and/or insurers. The lender has the right to refuse insurance policies written by agents not located within the trade area normally served by the lender.
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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