§ 56-57-102. Authority for a Prescription Drug Discount Plan Known as “Volunteer Rx”
The department of health is authorized to develop and implement a prescription drug discount plan, which shall be known as “Volunteer Rx,” or, if the department of health deems appropriate, may contract for, pursuant to state purchasing laws, a prescription drug discount plan. The purpose of this section is to assist in providing, when possible, […]
§ 56-57-103. Certificate of Registration Required by Operator of Discount Drug Plan — Application
An operator of a prescription drug discount plan must obtain a valid certificate of registration from the commissioner. The certificate shall be valid for one (1) year from the date of issuance. In order to receive a valid certificate of registration, the operator shall file an application on a form adopted by the commissioner, and […]
§ 56-57-104. Information Required to Be Provided Members
Each prescription drug discount card, or any materials distributed on behalf of any prescription drug discount plan covered under this chapter, shall expressly provide, in bold and reasonably prominent type, that the card or plan does not constitute health insurance. The card or distributed materials must also contain a toll-free number for customer service, and […]
§ 56-57-105. Cancellation by Members
Each member shall have the right to cancel membership in a plan within thirty (30) days of joining the plan, and shall have the right to have refunded any and all membership fees paid during that initial membership. For prescription drug discount plans requiring a paid membership, after the initial thirty-day membership period, a member […]
§ 56-57-106. Violations — Penalties
After notice and hearing, the commissioner may levy an administrative penalty, in an amount up to ten thousand dollars ($10,000), for each violation of the registration provisions of this chapter. Each day of a continuing violation constitutes a separate violation for purposes of this chapter.
§ 56-58-101. Short Title
This chapter shall be known and may be cited as the “Interstate Insurance Product Regulation Compact Act of 2007.”
§ 56-58-102. Text of Compact
Pursuant to terms and conditions of this compact, Tennessee seeks to join with other states and establish the Interstate Insurance Product Regulation Compact, and thus become a member of the interstate insurance product regulation commission. The commissioner of commerce and insurance is designated to serve as the representative of this state to the commission. Therefore, […]
§ 56-59-101. Short Title — Purpose — Applicability
This chapter shall be known and may be cited as the “Guaranteed Asset Protection Waiver Act of 2008.” The purpose of this chapter is to provide a framework within which guaranteed asset protection (GAP) waivers are defined and may be offered within the state. GAP waivers governed under this chapter are not insurance and are […]
§ 56-59-102. Chapter Definitions
The following definitions are for purposes of this chapter and are not intended to provide actual terms required in GAP waivers: “Administrator” means a person, other than an insurer or creditor, that performs administrative or operational functions pursuant to the GAP waiver program; “Borrower” means a debtor, retail buyer or lessee under a finance agreement; […]
§ 56-59-103. Gap Waiver — Insurance Policy
GAP waivers may be offered, sold, or provided to borrowers in this state in compliance with this chapter. GAP waivers may, at the option of the creditor, be sold for a single payment or may be offered with a monthly or periodic payment option. Notwithstanding any other law, any cost to the borrower for a […]