Tennessee § 56-49-102 Applicability - Enforcement

Tennessee Statutes

§ 56-49-102 — Applicability - Enforcement

(a)This chapter applies to an insurer or agent transacting creditor-placed insurance as defined in this chapter.

(b)All creditor-placed insurance written in connection with credit transactions for personal, family or household purposes is subject to this chapter, except:

(1)Transactions involving extensions of credit primarily for business or commercial purposes;

(2)Insurance on collateralized real property;

(3)Insurance offered by the creditor and elected by the debtor at the debtor's option;

(4)Insurance for which no specific charge is made to the debtor or the debtor's account; or (5) Blanket insurance, whether paid for by the debtor or the creditor.

(c)Nothing in this chapter shall be construed to create or imply a private cause of action for violation of this chapter, and the c

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(a) This chapter applies to an insurer or agent transacting creditor-placed insurance as defined in this chapter. (b) All creditor-placed insurance written in connection with credit transactions for personal, family or household purposes is subject to this chapter, except: (1) Transactions involving extensions of credit primarily for business or commercial purposes; (2) Insurance on collateralized real property; (3) Insurance offered by the creditor and elected by the debtor at the debtor's option; (4) Insurance for which no specific charge is made to the debtor or the debtor's account; or (5) Blanket insurance, whether paid for by the debtor or the creditor. (c) Nothing in this chapter shall be construed to create or imply a private cause of action for violation of this chapter, and the commissioner shall have authority to bring administrative or judicial proceedings to enforce this chapter.

Tennessee § 56-49-102 (Applicability - Enforcement) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.