Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-40 - Relating to Life Insurance Solicitations
Section 0780-01-40-.02 - SCOPE
Universal Citation: TN Comp Rules and Regs 0780-01-40-.02
Current through September 24, 2024
(1) Except as hereafter exempted, this rule shall apply to any solicitation, negotiation, or procurement of life insurance occurring within this state. This rule shall apply to any issuer of life insurance contracts, including fraternal benefit societies.
(2) Unless otherwise specifically included, this rule shall not apply to:
(a)
Annuities.
(b) Credit life
insurance.
(c) Group life
insurance.
(d) Life insurance
policies issued in connection with pension and welfare plans as defined by and
which are subject to the Federal Employee Retirement Income Security Act of
1974 (ERISA).
(e) Variable life
insurance under which the death benefits and cash values vary in accordance
with unit values of investments held in a separate account.
Authority: T.C.A. §§ 56-1-701 and 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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