Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-17 - Rules and Regulations Covering the Sale, Issuance and Delivery of Both Individual and Group Variable Annuity Contracts and Variable Life Contracts
Section 0780-01-17-.02 - DEFINITIONS

Current through September 24, 2024

(1) The term "variable contract", when used in this Chapter, shall mean any policy or contract which provides for life insurance or annuity benefits which vary according to the investment experience of any separate account or accounts maintained by the insurer as to such policyor contract, as provided for in T.C.A. §§ 56-3-501.

(2) "Agent", when used in this Chapter, shall mean any person who under the laws of this State is licensed as a life insurance agent.

(3) "Variable contract agent", when used in this Chapter, shall mean an agent who shall sell or offer to sell any variable contract.

Authority: T.C.A. § 56-3-508.

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