Tenn. Comp. R. & Regs. 0780-01-50-.01 - DEFINITIONS

(1) "Commissioner," as used herein, means the commissioner of commerce and insurance.

(2) "Department" means the department of commerce and insurance.

(3) "Electronic" means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities.

(4) "Gross premiums," as used in this chapter, means maximum gross premiums as provided in the policy contracts, new and renewal, including policy or membership fees, whether paid in part or in whole by cash, automatic premium loans, dividends applied in any manner whatsoever, and without deduction or exclusion of dividends in any manner; but excluding premiums returned on cancelled policies, or on account of reduction in rates, or reductions in the amount insured or experience rating refunds on life insurance policies and disability insurance policies.

(5) "Immediately available funds," as used in this chapter, shall mean funds which are available to OPTins pursuant to rule 0780-01-50-.05.

(6) "NAIC" means the National Association of Insurance Commissioners.

(7) "OPTins" means the NAIC's Online Premium Tax for Insurance tax filing and payment program.

(8) "Signature of attestation" means the taxpayer's certification that the tax return, and any accompanying forms or payments, have been examined and are, to the best of the taxpayer's knowledge, information, and belief, a true, correct, and complete tax return made in good faith, as evidenced by the taxpayer's mark either through an electronic verification on the OPTins tax form, or through submission of an electronic copy of a hand-signed form.

Notes

Tenn. Comp. R. & Regs. 0780-01-50-.01

Original rule filed April 8, 1982; effective May 24, 1982. Emergency rule filed January 12, 2016 effective through July 10, 2016. Repeal and new rule filed April 8, 2016; effective 7/7/2016.

Authority: T.C.A. §§ 56-1-501, 56-1-701, 56-2-301, 56-4-205, 56-4-216, and 2015 Public Acts, Chapter Number 155.