Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-56 - Licensing Requirements for Insurance Producers
Section 0780-01-56-.04 - DEFINITIONS
Current through September 24, 2024
(1) "Commissioner" means the commissioner of the Tennessee Department of Commerce and Insurance;
(2) "Department" means the Tennessee Department of Commerce and Insurance;
(3) "Insurance producer" means an individual who is required to be licensed under the laws of this state to sell, solicit or negotiate insurance, whether or not such licensee has an agency contract, agreement or an appointment with an insurer; and/or an individual who is appointed or employed by a health maintenance organization "HMO" and who engages in solicitation for membership in such organization.
(4) "Insurer" means any individual, corporation, association, partnership, reciprocal exchange, inter-insurer, Lloyd's, fraternal benefit society, and any other legal entity which is defined as an "insurer" in the insurance code of this state or issues life insurance or annuities in this state and is engaged in the advertisement of a policy.
(5) "NAIC" means the National Association of Insurance Commissioners;
(6) "Person" means any natural or artificial person including, but not limited to, an individual, partnership, association trust or corporation;
(7) "Resident Insurance Producer" means an individual who resides in this state and who is required to be licensed under the laws of this state to sell, solicit or negotiate insurance, whether or not such licensee has an agency contract, agreement or an appointment with an insurer; and/or an individual who is appointed or employed by a health maintenance organization "HMO" and who engages in solicitation for membership in such organization.
Authority: T.C.A. §§ 56-2-305, 56-6-107, 56-6-112, 56-6-118(b), 56-6-124, 56-32-114, 56-35-122, 56-35201 and 42 U.S.C § 4011(2004).