Tenn. Comp. R. & Regs. 0780-01-43-.06
Current through December 10, 2024
The requirements with respect to receipts for premiums paid under industrial life insurance policies, as set forth in T.C.A. §56-7-702(a), may be satisfied by either (i) delivery of a separate receipt for each premium remittance, which receipt shall bear the signature (actual or facsimile) of a company officer, or (ii) delivery of a premium receipt book to the policyholder, which premium receipt book shall bear the signature (actual or facsimile) of a company officer and which shall be countersigned by a company representative upon receipt of each premium remittance.
Tenn. Comp. R. & Regs. 0780-01-43-.06
Authority: T.C.A. § 56-7-702(d)(3).