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-.18 - MISREPRESENTATION PROHIBITED

Universal Citation: TN Comp Rules and Regs 0780-01-54-.18
Current through September 24, 2024

No person shall make a material misrepresentation, omit to state a material fact, including the joint and several nature of the pool, or make any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading in connection with the offering of workers' compensation coverage by a pool to members of a trade or professional association. Notwithstanding the forgoing, a misrepresentation shall not provide a member grounds for avoiding its liabilities and obligations to the pool if that member's workers' compensation liabilities have been paid or incurred by the pool.

Authority: T.C.A. §§ 50-6-405(c) and (h), 56-8-104 and 56-8-113.

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