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-.05 - ADVERTISING

Universal Citation: TN Comp Rules and Regs 0780-01-51-.05

Current through September 24, 2024

(1) No agent shall enter into any contract, lease or other arrangement under which a financial institution is authorized to advertise, promote or announce to its customers or the public in any fashion:

(a) The availability of insurance products through means of the financial institution's contract, lease or arrangement with the agent; or

(b) Information regarding such insurance products, including, without limitation, the names of insurance companies represented by the agent and premium rates.

(2) Every contract, lease, or other arrangement under which an agent obtains space in the retail area of a financial institution shall contain a prohibition against the financial institution advertising, promoting, or announcing publicly in any fashion the availability of insurance products or any information regarding such insurance products, including, without limitations, the names of insurance companies represented by the agent and premium rates.

(3) No advertising, promotional material or public announcement by an agent or insurance company shall contain:

(a) Any language or implication to the effect that the agent can provide or make available insurance products through a financial institution.

(b) Any use of the name of the financial institution other than strictly as an address referencing the location of the insurance agent or agency involved. Further, the use of the address should not be made in such a manner as to draw prominent attention to, or indicate any other relationship with the financial institution to the insurance product being advertised.

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

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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