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-.04 - DISCLOSURE REQUIREMENTS
Universal Citation: TN Comp Rules and Regs 0780-01-40-.04
Current through September 24, 2024
(1) The insurer shall provide, to all prospective purchasers, a Buyer's Guide and a Policy Summary prior to accepting the applicant's initial premium or premium deposit, unless the policy for which application is made contains an unconditional refund provision of at least ten days, or unless the Policy Summary contains such an unconditional refund offer in which event the Buyer's Guide and Policy Summary must be delivered with the policy or prior to delivery of the policy.
(2) The insurer shall provide a Buyer's Guide and a Policy Summary to any prospective purchaser upon request.
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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