(a) A person shall not sell, solicit or negotiate insurance covering those risks listed under § 56-22-106(a), unless the person is licensed to sell property insurance under chapter 6, part 1 of this title.

Terms Used In Tennessee Code 56-22-113

  • Contract: A legal written agreement that becomes binding when signed.
  • County mutual insurance company: means a person that is authorized to provide insurance coverage pursuant to this chapter. See Tennessee Code 56-22-103
  • insurance company: means any corporation, association, partnership or individual engaged as a principal in the business of insurance not licensed pursuant to this chapter. See Tennessee Code 56-22-103
  • Person: means an individual, a corporation, a partnership, an association, a joint stock company, a trust, an unincorporated organization, any similar entity or any combination of these acting in concert. See Tennessee Code 56-22-103
  • Property: includes both personal and real property. See Tennessee Code 1-3-105
(b) A person shall not sell, solicit or negotiate insurance covering those risks listed under § 56-22-106(b), unless the person is licensed to sell casualty insurance under chapter 6, part 1 of this title.
(c) Any person that seeks to enter into a contract for the exclusive or dominant right to manage or control a county mutual insurance company shall be considered the managing general agent of the county mutual insurance company and shall comply with the requirements that apply to managing general agents under chapter 6, part 5 of this title.
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