(1) “Commissioner” means the commissioner of commerce and insurance;
Terms Used In Tennessee Code 56-6-1402
Attorney: means the person designated and authorized by subscribers as the attorney-in-fact having authority to obligate them on reciprocal insurance contracts. See Tennessee Code 56-16-102
Limited lines travel insurance producer: means an individual or business entity that has met the requirements of §. See Tennessee Code 56-6-1402
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Offer and disseminate: means providing general information, including a description of the coverage and price, as well as processing the application, collecting premiums, and performing other lawful nonlicensable activities. See Tennessee Code 56-6-1402
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
Travel retailer: means a business entity that makes, arranges, or offers travel services and may offer and disseminate travel insurance as a service to its customers on behalf of and under the direction of a travel insurance supervising entity. See Tennessee Code 56-6-1402
(2) “Designated responsible producer” or “DRP” means a person designated by a travel insurance supervising entity pursuant to § 56-6-1403(a)(2)(C);(3) “Insurer” has the same meaning as defined in § 56-6-102;(4) “Limited lines travel insurance producer” means an individual or business entity that has met the requirements of § 56-6-110 and may also be approved as a travel insurance supervising entity;(5) “Offer and disseminate” means providing general information, including a description of the coverage and price, as well as processing the application, collecting premiums, and performing other lawful nonlicensable activities;(6) “Person” means a business entity or a natural person;(7) “Travel administrator”:
(A) Means a person who directly or indirectly underwrites, collects charges, collateral or premiums from, or adjusts or settles claims on residents of this state, in connection with travel insurance; and(B) Does not include an individual who would only be considered a travel administrator based on the following:
(i) An individual working under the supervision and control of a travel administrator;(ii) An insurance producer, as defined under § 56-6-102, selling insurance or engaged in administrative and claims-related activities within the scope of the producer’s license;(iii) A travel retailer offering and disseminating travel insurance and registered under the license of a limited lines travel insurance producer;(iv) An individual adjusting or settling claims in the normal course of that individual’s practice or employment as an attorney at law and who does not collect charges or premiums in connection with insurance coverage; or(v) A person that is affiliated with a licensed insurer while acting as a travel administrator for the direct and assumed insurance business of an affiliated insurer;(8) “Travel insurance”:
(A) Means insurance coverage for personal risks incident to planned travel, including:
(i) Interruption or cancellation of a trip or event;(ii) Loss of baggage or personal effects;(iii) Damage to an accommodation or rental vehicle;(iv) Sickness, accident, disability, or death occurring during travel;(v) Emergency evacuation;(vi) Repatriation of remains; or(vii) Another contractual obligation to indemnify or pay a specified amount to the traveler upon determinable contingencies related to travel as approved by the commissioner; and(B) Does not include:
(i) Major medical plans that provide comprehensive medical protection for travelers with trips lasting six (6) months or longer, including those working overseas as expatriates, or deployed military personnel; or(ii) Another product that requires a specific insurance producer license;(9) “Travel insurance supervising entity” means a person that receives a license pursuant to § 56-6-1403(a)(2) and is the following:
(A) A licensed managing general agent, as defined under § 56-6-502;(B) A licensed insurance producer, including a limited lines producer; or(C) A travel administrator; and(10) “Travel retailer” means a business entity that makes, arranges, or offers travel services and may offer and disseminate travel insurance as a service to its customers on behalf of and under the direction of a travel insurance supervising entity.
