Tennessee Code 56-6-506 – Acts of an MGA considered acts of the insurer
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Terms Used In Tennessee Code 56-6-506
- Insurer: means any person, firm, association or corporation duly licensed in this state as an insurance company pursuant to §. See Tennessee Code 56-6-502
- MGA: means any person who:
(i) Manages all or part of the insurance business of an insurer, including the management of a separate division, department, or underwriting office. See Tennessee Code 56-6-502
The acts of the MGA are considered to be the acts of the insurer on whose behalf it is acting. An MGA may be examined as if it were the insurer.