Tenn. Comp. R. & Regs. 0780-01-54-.17
Any person soliciting membership in a pool must be appropriately licensed as an insurance producer authorized to sell property and casualty lines of insurance. Any person selling, soliciting or negotiating membership in a pool shall be subject to all the statutory provisions, prohibitions and requirements contained in Tennessee Code Annotated Title 56, Chapter 6, Part 1. Notwithstanding this provision, the sponsoring association or administrator may promote member participation in the pool and answer general questions regarding the qualifications for the pool without being deemed to be selling, soliciting or negotiating membership. However, anyone receiving commissions for the addition of new members will be deemed to be selling, soliciting, or negotiating membership and will be required to obtain an insurance producer license.
Tenn. Comp. R. & Regs. 0780-01-54-.17
Authority: T.C.A. §§ 50-6-405(c) and (h) and 56-6-101 through 56-1-126.