Tennessee Code 56-14-115 – Commissions
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Terms Used In Tennessee Code 56-14-115
- Commissioner: means the commissioner of commerce and insurance. See Tennessee Code 56-14-102
- Person: means any association, aggregate of individuals, business, company, corporation, individual, joint-stock company, Lloyds-type organization, organization, partnership, receiver, reciprocal or interinsurance exchange, trustee or society. See Tennessee Code 56-16-102
- Surplus lines agent: means an agent who is licensed under chapter 6, part 1 of this title who is granted a surplus lines license in accordance with this chapter. See Tennessee Code 56-14-102
- surplus lines insurance: means any insurance coverage permitted by §. See Tennessee Code 56-14-102
Agents licensed in accordance with this chapter shall not pay the whole or any part of the commission on surplus lines insurance to any person, except that the commissions may be shared or divided with any other person licensed by the commissioner as a surplus lines agent or licensed pursuant to chapter 6 of this title.