(a) On and after July 1, 2009, each individual applicant, or, if the applicant is a partnership, each partner, or, if the applicant is a corporation, the qualifying agent, must:

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Terms Used In Tennessee Code 62-26-206

  • Commissioner: means the commissioner of commerce and insurance or the commissioner's designee. See Tennessee Code 62-26-202
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Investigations company: means any person who engages in the business or accepts employment to obtain or furnish information with reference to:
    (A) Crime or wrongs done or threatened against the United States or any state or territory of the United States. See Tennessee Code 62-26-202
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: means any individual, firm, association, company, partnership, corporation, nonprofit organization, institution or similar entity. See Tennessee Code 62-26-202
  • Qualifying agent: means a principal corporate officer meeting the qualifications set forth in this part for operating an investigations company. See Tennessee Code 62-26-202
  • United States: includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
  • Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105
(1) Be at least twenty-one (21) years of age;
(2) Be a citizen of the United States or a resident alien;
(3) Not have been declared by any court of competent jurisdiction incompetent by reason of mental defect or disease unless a court of competent jurisdiction has since declared the applicant competent;
(4) Not be suffering from habitual drunkenness or narcotics addiction or dependence;
(5) Be of good moral character;
(6) Possess or employ at least one (1) person who possesses at least two thousand (2,000) hours of compensated, verifiable, investigative experience satisfactory to the commissioner or has one (1) year of applicable, related experience or education in a related area of study approved by the commissioner; and
(7) Pass an examination to be administered at least twice annually by the commissioner, designed to measure knowledge and competence in the investigations company business.
(b) Subdivision (a)(6) shall not apply to any person who has been issued an investigations company license prior to August 17, 2009, and such a license may continue to be renewed in accordance with this part or any rules and regulations in effect prior to July 1, 2009.
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