Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-54 - Self-Insured Worker's Compensation Pools
Section 0780-01-54-.17 - INSURANCE PRODUCER LICENSE REQUIRED

Universal Citation: TN Comp Rules and Regs 0780-01-54-.17
Current through September 24, 2024

Any person soliciting membership in a pool must be appropriately licensed as an insurance producer authorized to sell property and casualty lines of insurance. Any person selling, soliciting or negotiating membership in a pool shall be subject to all the statutory provisions, prohibitions and requirements contained in Tennessee Code Annotated Title 56, Chapter 6, Part 1. Notwithstanding this provision, the sponsoring association or administrator may promote member participation in the pool and answer general questions regarding the qualifications for the pool without being deemed to be selling, soliciting or negotiating membership. However, anyone receiving commissions for the addition of new members will be deemed to be selling, soliciting, or negotiating membership and will be required to obtain an insurance producer license.

Authority: T.C.A. §§ 50-6-405(c) and (h) and 56-6-101 through 56-1-126.

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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