Tenn. Comp. R. & Regs. 0780-01-07-.03

Current through December 10, 2024

Section 0780-01-07-.03 - LENDER'S RIGHTS

The lender has the right to select the type of insurance company (mutual, stock, reciprocal) whose policies will be acceptable. The lender also may prescribe reasonable requirements regarding the financial structure and stability of the company, including reinsurance agreements. In prescribing these requirements, the adequacy of the insurance coverage provided by an insurance company may be taken into consideration.

Tenn. Comp. R. & Regs. 0780-01-07-.03

Original rule certified June 10, 1974.

Authority: T.C.A. § 56-2-301.