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-.05 - WRITTEN PROPOSAL

In any solicitation of an offer to buy, or in any sale of life insurance policies in correlation with the sale of shares of a mutual fund or other security, the prospect or policyholder must be furnished a copy of a clear and unambiguous written proposal not later than at the time of solicitation or proposal is made. A copy of such written proposal shall be kept on file by the agent, or by the company if no agent is involved.

Authority: T.C.A. § 56-3-306.