Tennessee Code 56-6-114 – Sale of unauthorized insurance

(a) A person shall be personally liable for any premiums paid for, or valid claims made on, all contracts of insurance unlawfully sold within this state by or through the person directly or indirectly, for or on behalf of an insurance company not authorized to do business in this state.

Terms Used In Tennessee Code 56-6-114

Insurance: means any of the lines of authority in §. See Tennessee Code 56-6-102
Person: means an individual or a business entity. See Tennessee Code 56-6-102
State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105

(b) A person who sells insurance in this state for an insurance company not authorized to do business in this state commits a fraudulent insurance act as defined by § 56-53-102.

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Tennessee Code 56-6-114 – Sale of unauthorized insurance

Terms Used In Tennessee Code 56-6-114

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