Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-25 - Guidelines to be Followed by Companies Offering Life Insurance Policies to College Students Under a Premium Financing Arrangement
Section 0780-01-25-.02 - RECEIPT
Universal Citation: TN Comp Rules and Regs 0780-01-25-.02
Current through September 24, 2024
(1) Upon delivery of the policy, a policy receipt or acceptance form must be executed which recites that:
(a) The policy has been issued as
represented, and
(b) The insured
acknowledges and understands the provisions and obligations of the financial
indebtedness that he has incurred.
(2) Such receipt or acceptance form (outlined in Sub-section 1 above) shall be registered by number (preferably corresponding to policy number) in the home office of the company.
(a) This receipt must be sent with the policy
at time of delivery only.
(b) These
receipts or acceptance forms shall not be made available as supplies to field
representatives or agents, but must be furnished from the home office in
transmittal of the policy to the writing agent.
Authority: T. C.A. § 56-6-127.
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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