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Tennessee Insurance Law

Tennessee · Insurance · §§ 56-10-101 to 56-8-206 · 1,220 sections

Overview

This act supplies the general framework for state insurance regulation, setting out the definitions that govern the insurance code as a whole and establishing a department of commerce and insurance headed by a commissioner who may not hold a financial interest in the companies subject to regulation. It vests the commissioner with inquisitorial and examination powers — including review of insurers before certifying them to do business, authority to demand information about consumer complaints within fixed deadlines subject to penalties, and the employment of actuaries to compute the net value of policies — and provides for the department's staffing, fees, expenses, and advisory input. It also creates a division of regulatory boards under a director who administers licensing, registration, and renewal for the regulated professions attached to the division, with authority to set fees, assess investigatory and hearing costs, impose penalties for violations of statutes, rules, or orders, and act on grounds such as default on student loans.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

In the courts

Sections of this act have been cited in 295 court decisions.

Most-cited authority: 970 S.W.2d 920 - Win Myint and wife Patti KI. Myint v. Allstate Insurance Company

Sections covered

Showing the first 400 of 1,220 sections — browse the full code.

Enacted in other states

Indiana, North Carolina

All Tennessee named statutes →

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