Title 56, Insurance

(a) An individual applying for a crop insurance adjuster license under this part shall pass a written examination. The examination shall test the knowledge of the individual concerning the duties and responsibilities of a limited lines crop adjuster and the insurance laws and reg…

All insurers that sell crop insurance in this state shall maintain complete records of each claim made by a policyholder or on property in this state. These records shall be maintained for at least five (5) years after the termination of the closing of the claim and shall be open…

A crop insurance adjuster shall not undertake the adjustment of any claim, if the crop insurance adjuster is not sufficiently competent and knowledgeable as to the terms and conditions of the insurance coverage so as to properly discharge the duties of a crop insurance adjuster, …

The commissioner may make investigations necessary for the proper administration of this part. For the purpose of making investigations, the commissioner shall have inquisitorial powers and shall be empowered to subpoena witnesses and examine them under oath.

The commissioner may promulgate regulations as are necessary or proper to carry out the purposes of this part. These regulations may include provisions relating to the assessment of licensure fees reasonable to defray the costs of examinations and testing of crop insurance adjust…

(a) This part is known and may be cited as the “Tennessee Insurance Producer Licensing Act of 2002.” (b) This part governs the qualifications and procedures for the licensing of insurance producers. It simplifies and organizes some statutory language to improve efficiency, permit…

(1) As used in this part, unless the context otherwise requires:(1) “Business entity” means a corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity;(2) “Commissioner” means the commissioner of commerce and insurance…

(a) A person shall not sell, solicit or negotiate insurance in this state for any class or classes of insurance unless the person is licensed for that line of authority in accordance with this part. (b) To be eligible for a license pursuant to this section, a person must be a Uni…

(a) Nothing in this part shall be construed to require an insurer to obtain an insurance producer license. In this section, the term “insurer” does not include an insurer's officers, directors, employees, subsidiaries or affiliates. (b) A license as an insurance producer shall no…

(a) A resident individual applying for an insurance producer license shall pass a written examination unless exempt pursuant to § 56-6-109. The examination must test the knowledge of the individual concerning the lines of authority for which application is made, the duties and re…

(a) An individual residing in this state applying for an insurance producer license shall make application to the commissioner on the uniform application and declare under penalty of refusal, suspension or revocation of the license that the statements made in the application are …

(a) Unless denied licensure pursuant to § 56-6-112, persons who have met the requirements of §§ 56-6-105 and 56-6-106 shall be issued an insurance producer license. A resident insurance producer may receive a license in one (1) or more of the following lines of insurance:(1) Life…

(a) Unless denied licensure pursuant to § 56-6-112, a nonresident person shall receive an insurance producer license if:(1) The person is currently licensed as a resident insurance producer and is in good standing in the person's home state;(2) The person has submitted the proper…

(a) An individual who applies for an insurance producer license in this state who was previously licensed for the same lines of authority in another state is not required to complete any examination. This exemption is only available if the person is currently licensed in that sta…

(1) An individual who has met the requirements of § 56-6-106 shall be entitled to a limited lines producer license without examination in one (1) or more of the following limited lines:(1) Travel insurance;(2) Credit life, credit accident and health insurance, or involuntary unem…

(1) For purposes of this part:(1) “Commissioner” means the commissioner of commerce and insurance;(2) “Customer” means a person who purchases portable electronics, optical products, or services;(3) “Department” means the department of commerce and insurance;(4) “Enrolled customer…

(a) A vendor is required to hold a limited lines license to sell or offer coverage under a policy of portable electronics or optical products insurance. A vendor who has met the requirements of this part shall be entitled to a limited lines business entity producer's license, wit…

(a) At every location where portable electronics or optical products insurance is offered to customers, brochures or other written materials shall be made available to a prospective customer that:(1) Disclose that portable electronics or optical products insurance may provide a d…

(a) Notwithstanding any law to the contrary, the employees and authorized representatives of vendors may sell or offer portable electronics or optical products insurance to customers and shall not be subject to licensure as an insurance producer under this part; provided, that:(1…

(1) If a vendor of portable electronics or optical products or its employee or authorized representative violates this part, the commissioner is authorized to:(1) After notice and hearing, impose on a person's license pursuant to this part civil penalties not to exceed five hundr…

(1) Notwithstanding any other law to the contrary:(1) An insurer may terminate or otherwise change the terms and conditions of a policy of portable electronics or optical products insurance only upon providing the policyholder and enrolled customers with at least thirty (30) days…

(a) A sworn application for a license under this part shall be made to and filed with the commissioner on forms prescribed and furnished by the department. (b) The application shall:(1) Provide the name, residence address, and other information required by the department for an i…

(a) The commissioner may issue a temporary insurance producer license for a period not to exceed one hundred eighty (180) days without requiring an examination if the commissioner deems that the temporary license is necessary for the servicing of an insurance business in the foll…

(a) The commissioner may place on probation, suspend, revoke or refuse to issue or renew a license issued under this part or may levy a civil penalty in accordance with this section or take any combination of those actions, for any one (1) or more of the following causes:(1) Prov…

(a) An insurer or insurance producer shall not pay a commission, service fee, brokerage fee or other valuable consideration to a person for selling, soliciting or negotiating insurance in this state if that person is required to be licensed under this part and is not so licensed.…

(a) A person shall be personally liable for any premiums paid for, or valid claims made on, all contracts of insurance unlawfully sold within this state by or through the person directly or indirectly, for or on behalf of an insurance company not authorized to do business in this…

(a) An insurance producer shall not act as an agent of an insurer unless the insurance producer becomes an appointed agent of that insurer. An insurance producer who is not acting as an agent of an insurer is not required to become appointed. (b) An insurance producer who solicit…

Any money that an insurance producer receives for soliciting, negotiating or selling insurance shall be held in a fiduciary capacity, and shall not be misappropriated, converted or improperly withheld. Any violation of this section shall be considered grounds for the denial, susp…

(a) Termination for Cause. An insurer or authorized representative of the insurer that terminates the appointment, employment, contract or other insurance business relationship with a producer shall notify the commissioner within thirty (30) days following the effective date of t…

(a) The commissioner shall waive any requirements for a nonresident license applicant with a valid license from the applicant's home state, except the requirements imposed by § 56-6-108, if the applicant's home state awards nonresident licenses to residents of this state on the s…

(a) A producer shall report to the commissioner any administrative action taken against the producer in another jurisdiction or by another governmental agency in this state within thirty (30) days of the final disposition of the matter. This report shall include a copy of any ord…

(a) The commissioner may make investigations necessary for the proper administration of this part. For the purpose of making the investigations, the commissioner shall have inquisitorial powers and shall be empowered to subpoena witnesses and examine them under oath; provided tha…

(1) For purposes of this part:(1) “Commissioner” means the commissioner of commerce and insurance or the commissioner's designee;(2) “Covered personal property” means personal property covered under an occupant's self-service storage insurance policy;(3) “Department” means the de…

(a) An owner shall hold a limited lines business entity producer's license to sell or offer coverage under a policy of self-service storage insurance. An owner who complies with this part shall be entitled to a limited lines license, without examination, authorizing the owner to …

(a) At every location where self-service storage insurance is offered to occupants, brochures or other written materials shall be made available that:(1) Disclose that self-service storage insurance may provide a duplication of coverage already provided by an occupant's homeowner…

(a) Notwithstanding any law to the contrary, the employees and authorized representatives of an owner may sell or offer self-service storage insurance to occupants and shall not be subject to licensure as an insurance producer under this part; provided, that:(1) The owner obtains…

(1) lf an owner or its employee or authorized representative violates this part, the commissioner is authorized to:(1) After notice and hearing, impose on a person licensed pursuant to this part civil penalties not to exceed five hundred dollars ($500) per violation and five thou…

(1) Notwithstanding any other law to the contrary:(1) An insurer may terminate or otherwise change the terms and conditions of a policy of self-service storage insurance only upon providing the policyholder and enrolled occupants with at least thirty (30) days written notice;(2) …

(a) A sworn application for a license under this part shall be made to and filed with the commissioner on forms prescribed and furnished by the department. (b) The application shall:(1) Provide the name, residence address and other information required by the department for an in…

(1) In addition to any other fees that may be required elsewhere in this title, the following are the nonrefundable fees that will be paid to the commissioner under this part:(1) Except as provided in subdivision (5), fifty dollars ($50.00) for the filing of an application for an…

Notwithstanding any other law to the contrary, there shall be no requirement that an insurance producer who is a resident of this state must countersign a policy of insurance written by an insurance company.

An insurance producer doing business under any name other than the producer's legal name is required to notify the commissioner prior to using the assumed name.

(a) The commissioner may, in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5, promulgate reasonable regulations as are necessary or proper to carry out the purposes of this part. (b) The commissioner shall have the authority to promulgate…

(a) It is an unfair trade practice for an insurance producer to:(1) Hold the insurance producer out, directly or indirectly, to the public as a financial planner, investment adviser, consultant, financial counselor, risk manager or any other specialist engaged in the business of …

If any provisions of this part or the application of a provision to any person or circumstances is held invalid, the remainder of the part, and the application of the provision to persons or circumstances other than those to which it is held invalid, shall not be affected.

(1) For purposes of this part:(1) “Commissioner” means the commissioner of commerce and insurance;(2) “Exchange” means any health benefit exchange established or operating in this state, including any exchange established or operated by the United States department of health and …