§ 56-55-114. Application — Effective Date
This chapter applies to all vehicle protection products sold or offered for sale on or after July 1, 2006. The failure of any person to comply with this chapter prior to July 1, 2006, shall not be admissible in any court proceeding, administrative proceeding, arbitration, or alternative dispute resolution proceeding and may not otherwise be […]
§ 56-55-115. Sale of Warranties Only Authorized as Part of Vehicle Protection Product
Nothing in this chapter shall authorize the sale of warranties, as defined in § 56-55-102, except as part of a vehicle protection product.
§ 56-56-101. “Professional Employer Organization Benefit and Welfare Plan” Defined
As used in this chapter, “professional employer organization benefit and welfare plan” means a plan offered to the covered employees of a professional employer organization registered pursuant to the Tennessee Professional Employer Organization Act, compiled in title 62, chapter 43, and as amended.
§ 56-56-102. Self-Insured Plans
A professional employer organization may sponsor and maintain employee benefit and welfare plans in accordance with § 62-43-108(c), for the benefit of covered employees. The self-insured plans developed under this section are not subject to the premium taxes imposed by this title. The department may promulgate rules regulating self-insured plans under this section.
§ 56-57-101. Chapter Definitions
As used in this chapter, unless the context otherwise requires: “Commissioner” means the commissioner of commerce and insurance; “Department” means the department of commerce and insurance; “Member” means any person who enrolls at no cost, or who pays fees, dues, charges or other consideration for the right to enroll to receive the purported benefits of […]
§ 56-55-109. Restrictions on Use of Deceptive Language — False or Misleading Statements — Fraud
Unless licensed as an insurance company, a vehicle protection product warrantor shall not use in its name, contracts, or literature the words “insurance,” “casualty,” “surety,” “mutual,” or any other word that is descriptive of the insurance, casualty, or surety business or that is deceptively similar to the name or description of any insurance or surety […]
§ 56-55-110. Accounts, Books, and Records
All vehicle protection product warrantors shall keep accurate accounts, books, and records concerning transactions regulated under this chapter. A vehicle protection product warrantor’s accounts, books, and records shall include: Copies of all vehicle protection product warranties; The name and address of each warranty holder; and The dates, amounts, and descriptions of all receipts, claims, and […]
§ 56-55-111. Examination of Accounts, Books, and Records for Compliance — Costs and Fees of Examination — Enforcement — Violations — Hearings — Penalties
The commissioner may conduct examinations of warrantors, administrators, or other persons to enforce this chapter, and to protect warranty holders in this state. Upon request of the commissioner, a warrantor shall make available to the commissioner all accounts, books, and records concerning vehicle protection products sold by the warrantor that are necessary to enable the […]
§ 56-55-112. Commissioner or Secretary of State as Attorney for Service of Process
Any warrantor doing business in this state in accordance with this chapter shall be deemed to have appointed the commissioner its true and lawful attorney upon whom may be served all lawful process in any action or proceeding against it. Any warrantor doing business in this state unauthorized by this chapter shall be deemed to […]
§ 56-55-113. Rules and Regulations
The commissioner may adopt administrative rules consistent with this chapter that are necessary to implement this chapter. The rules shall include disclosures for the benefit of the warranty holder, record keeping requirements, registration fees, penalties, and procedures for public complaints. The rules shall also include the conditions under which surplus lines insurers may be rejected […]