Section 0780-01-19-.01 - APPLICABILITY(1) This Rule shall apply: (a) to acts and practices in the advertising, promotion, solicitation, negotiation of or effecting the sale of 1. life insurance policies (which term shall include annuity contracts for purpose of this Rule) in correlation with the sale of shares of a mutual fund or other security, except a variable annuity contract within the meaning of Chapter 0780-1-17.2. contracts which contemplate the purchase of a life insurance policy in correlation with the sale of shares of a mutual fund or other security, except a variable annuity contract within the meaning of Chapter 07801-17.(b) to any acts and practices, whether they involve the use of language disseminated by means of sales kits, policy jackets or covers, letters, personal presentations, visual aids and other sales media in connection with the solicitation, sale, servicing or collection of premiums for life insurance policies in correlation with a mutual fund or other security engaged in by any insurance company, agent, or other person engaged in such correlated sales.(2) As used in this Rule, in referring to sales of insurance policies and mutual fund shares, or other securities, the terms "correlated sales" or "sales in correlation with" shall include, but not be limited to, the following: (a) sales of life insurance policies and mutual fund shares or other securities as part of an integrated plan;(b) sales in which both life insurance policies and mutual fund shares or other securities are offered as part of the same investment program;(c) sales programs in which both life insurance policies and mutual fund shares or other securities are discussed and their purchase solicited during the same interview.(3) As used in this Rule, "security" shall have the same meaning as set forth in Section 48-1602(G), Tennessee Code Annotated, and shall mean, in addition, participation in common trust funds of any financial institution.Tenn. Comp. R. & Regs. 0780-01-19-.01
Original rule certified June 10, 1974.Authority: T.C.A. § 56-3-306.