Tennessee Code 56-29-117 – Submission of contracts and schedule of rates to commissioner – Disapproval
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 56-29-117
- Commissioner: means the commissioner of commerce and insurance. See Tennessee Code 56-1-102
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
- Subscriber: means a person obligated under a reciprocal insurance agreement. See Tennessee Code 56-16-102
The corporation shall submit to the commissioner specimen copies of each different type of subscriber‘s contract and a schedule of rates applicable to the subscriber’s contract that it proposes to issue in this state. The commissioner shall approve or disapprove a contract as provided for in §§ 56-26-102 and 56-26-202 and any regulations promulgated under the authority of that section. Sections 56-26-102 and 56-26-202 and related regulations shall apply to all hospital and medical service plans in the same manner as to the accident and sickness policies subject to §§ 56-26-102 and 56-26-202.