Tennessee § 56-14-103 Surplus lines insurance authorized

Tennessee Statutes

§ 56-14-103 — Surplus lines insurance authorized

Tennessee § 56-14-103

Title56

This text of Tennessee § 56-14-103 (Surplus lines insurance authorized) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 56-14-103 (2026).

Text

(a)If insurance coverages of insureds, whose home state is this state, cannot be procured from admitted companies after diligent effort, except if an exempt commercial purchaser, the coverages, designated as surplus lines insurance, may be procured from unauthorized companies, subject to the following conditions:

(1)The insurance must be eligible for surplus lines under § 56-14-105 ;

(2)The insurer must be an eligible surplus lines insurer under § 56-14-109 ;

(3)The writing agent must be a licensed surplus lines agent; and (4) Any other applicable provisions of this chapter must be followed.

(b)Any surplus lines insurance of an insured, whose home state is this state, shall be deemed to be insurance procured, or continued or renewed in this state for purposes of subsection (a).

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(a) If insurance coverages of insureds, whose home state is this state, cannot be procured from admitted companies after diligent effort, except if an exempt commercial purchaser, the coverages, designated as surplus lines insurance, may be procured from unauthorized companies, subject to the following conditions: (1) The insurance must be eligible for surplus lines under § 56-14-105 ; (2) The insurer must be an eligible surplus lines insurer under § 56-14-109 ; (3) The writing agent must be a licensed surplus lines agent; and (4) Any other applicable provisions of this chapter must be followed. (b) Any surplus lines insurance of an insured, whose home state is this state, shall be deemed to be insurance procured, or continued or renewed in this state for purposes of subsection (a).