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