Tenn. Comp. R. & Regs. 0780-01-04-.12 - LICENSED AGENT
(1) All individual
policies of credit insurance and all certificates of group credit insurance for
which an identifiable charge is made shall be issued through agents who have
qualified as agents under Title 56, Chapter 8, Tennessee Code Annotated.
Attention is called specifically to the exemption from examination requirements
in Section 56-806, which pertains only to persons acting as agents for group
credit insurance. At least one person so licensed shall be available in each
location where credit insurance is offered.
(2) All premiums or identifiable charges
collected shall be paid the insurer within the terms of an agency contract or
group policy. All agency contracts shall be in accordance with these Rules.
Each company shall file with the Commissioner a specimen of each of its agency
contract forms, accompanied by a certification that no contract or modification
of a contract, oral or written, has or will be used other than that on file
with the Commissioner.
Notes
Authority: T.C.A. ยงยง 45-5-403, 56-7-901 and 56-8-110.
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