Section 0780-01-04-.03 - FORMS OF CREDIT INSURANCE(1) Credit life insurance and credit accident and health insurance policies which provide benefits differing in kind or character from those set forth in this section, shall be deemed not to conform with T.C.A. § 56-1159. (a) Individual policies of credit life insurance issued to debtors on the term plan.(a) Group policies of credit life insurance issued to creditors providing insurance upon the lives of debtors on the term plan.(a) Individual policies of credit accident and health insurance issued to debtors and group policies of credit accident and health insurance issued to creditors, or disability benefit provisions in credit life insurance policies to provide such coverage in any case on a term plan providing:1. Benefits payable on any one of the following plans:(i) After the seventh day of disability due to sickness or accident and retroactive to the first day of such disability, or (i) After the fourteenth day of disability due to sickness or accident and retroactive to the first day of such disability, or (i) After the fourteenth day of disability due to sickness or accident, or (i) After the thirtieth day of disability due to sickness or accident and retroactive to the first day of such disability, or (i) After the thirtieth day of disability due to sickness or accident, or 1. Under any other plan approved by the Commissioner, benefit payable after such other waiting periods or upon such conditions as he shall approve as provided in Rule 0780-1-1-.06.Tenn. Comp. R. & Regs. 0780-01-04-.03
Original rule certified June 10, 1974.Authority: T.C.A. §§ 45-5-403, 56-7-901 and 56-8-110.