Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-51 - Guidelines to be by Insurance Companies, Insurance Agencies, Insurance Agents and Financial Sharing a Retail Area
Section 0780-01-51-.01 - PURPOSE

Universal Citation: TN Comp Rules and Regs 0780-01-51-.01
Current through September 24, 2024

The purpose of these rules is to identify prohibited activities, which, taken in conjunction with another specific existing relationship, such as a lease, between a financial institution and/or insurance companies, agents, or agencies, would violate statutory provisions contained in T.C.A. §§56-6-126, 56-6-201 through 56-6-207, 56-8-101 through 56-8-104 and 56-8-106. The provisions of this chapter apply only when financial institutions share a retail area with insurance agents or agencies. This chapter does not apply to existing operations of financial institutions related to the sale of certain types of insurance, when such operations are specifically permitted by state and/or federal statutes.

Authority: T.C.A. §§ 56-6-127 and 56-8-113.

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