Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-19 - Rules and Regulations Governing the Correlated Sales of Life Insurance Policies and Mutual Funds or Other Securities Issued Pursuant to the Authority Vested in the Commissioner of Insurance by T.C.A. Section 56-3-406
Section 0780-01-19-.02 - STATEMENT OF POLICY

There shall be full disclosure of relevant facts in the sale of life insurance policies in correlation with the sale of shares of a mutual fund or other security. Accordingly, this Rule sets forth certain procedures and requirements establishing minimum standards for disclosure of information in sales of life insurance policies and mutual fund shares or other securities. Prior to making any cash sales on a correlated basis, there shall be submitted to the Commissioner a complete, detailed, comprehensive, accurate, certified Plan of Operation.

Authority: T.C.A. § 56-3-306.