Tennessee § 56-49-101 Short title - Purpose

Tennessee Statutes

§ 56-49-101 — Short title - Purpose

Tennessee § 56-49-101

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Bluebook

Tenn. Code Ann. § 56-49-101 (2026).

Text

(a)This chapter shall be known and may be cited as the "Tennessee Creditor-Placed Insurance Act of 1999." (b) The purposes of this chapter are to:

(1)Promote the public welfare by regulating creditor-placed insurance;

(2)Create a legal framework within which creditor-placed insurance may be written in this state;

(3)Help maintain the separation between creditors and insurers; and (4) Minimize the possibilities of unfair competitive practices in the sale of creditor-placed insurance.

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(a) This chapter shall be known and may be cited as the "Tennessee Creditor-Placed Insurance Act of 1999." (b) The purposes of this chapter are to: (1) Promote the public welfare by regulating creditor-placed insurance; (2) Create a legal framework within which creditor-placed insurance may be written in this state; (3) Help maintain the separation between creditors and insurers; and (4) Minimize the possibilities of unfair competitive practices in the sale of creditor-placed insurance.