(a) The plan of operation shall specify the basis of participation of insurers and agents and the conditions under which risks must be accepted.

Terms Used In Tennessee Code 56-41-106

  • Person: means any association, aggregate of individuals, business, company, corporation, individual, joint-stock company, Lloyds-type organization, organization, partnership, receiver, reciprocal or interinsurance exchange, trustee or society. See Tennessee Code 56-16-102
(b) Every participating insurer and agent shall provide to any person seeking coverage:

(1) The kinds available under the plan of operation; and
(2) The services prescribed in the plan of operation, including full information on the requirements and procedures for obtaining coverage under the plan of operation, assuming coverage cannot be placed in the voluntary market.
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