(a) This chapter shall be known and may be cited as the “Surplus Lines Insurance Act.” This part shall apply to surplus lines transactions where the insured’s home state, as defined by § 56-14-102, is this state.

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Terms Used In Tennessee Code 56-14-101

  • home state: means the home state, as determined pursuant to subdivision (9)(A), of the member of the affiliated group that has the largest percentage of premium attributed to it under such insurance contract. See Tennessee Code 56-14-102
  • State: includes any state in the United States, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, the Virgin Islands, and American Samoa. See Tennessee Code 56-14-102
(b) This chapter shall apply to surplus lines transactions where the insured’s home state, as defined by § 56-14-102, is this state.