Tennessee § 62-5-413 Administration of part by commissioner - Civil penalties

Tennessee Statutes

§ 62-5-413 — Administration of part by commissioner - Civil penalties

Tennessee § 62-5-413

Title62

This text of Tennessee § 62-5-413 (Administration of part by commissioner - Civil penalties) 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. § 62-5-413 (2026).

Text

(a)The commissioner shall administer this part.

(b)The commissioner shall promulgate rules and regulations to effectuate the intent of this part in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.

(c)The commissioner shall collect a fee for the registration of any person, association, partnership, firm or corporation engaged in selling any agreement, contract or plan permitted under this part.

(d)The commissioner may deny an application for a registration, or may suspend, revoke, or refuse to issue or renew any registration under this part upon finding that the registrant or applicant has:

(1)Violated this part, or any rule promulgated under this part;

(2)Practiced fraud, deceit or misrepresentation;

(3)Knowingly and willfully made a materia

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(a) The commissioner shall administer this part. (b) The commissioner shall promulgate rules and regulations to effectuate the intent of this part in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5. (c) The commissioner shall collect a fee for the registration of any person, association, partnership, firm or corporation engaged in selling any agreement, contract or plan permitted under this part. (d) The commissioner may deny an application for a registration, or may suspend, revoke, or refuse to issue or renew any registration under this part upon finding that the registrant or applicant has: (1) Violated this part, or any rule promulgated under this part; (2) Practiced fraud, deceit or misrepresentation; (3) Knowingly and willfully made a material misstatement in connection with an application for registration; (4) Been convicted by a court of competent jurisdiction of any felony, if the commissioner finds that the conviction reflects unfavorably on the fitness for the registration; (5) Engaged in dishonorable, unethical, or unprofessional conduct of a character likely to defraud, deceive or harm the public; (6) Violated any disciplinary order of the commissioner; or (7) Failed or refused to cooperate with any audit, inspection or investigation to determine compliance with this part or rules and regulations promulgated pursuant to this part. (e) In addition to or in lieu of any lawful disciplinary action under this part, the commissioner may, at the commissioner's discretion, assess civil penalties in an amount not to exceed one thousand dollars ($1,000) for each separate violation of this part, or any rule or regulation promulgated under this part. Each day of continued violation constitutes a separate violation. (f) The commissioner is authorized to assess a civil penalty in an amount not to exceed one thousand dollars ($1,000) against the trustee of a pre-need trust fund required by this part, for each separate violation of this part, or of any rule or regulation promulgated under this part. Each day of continued violation constitutes a separate violation.