Tennessee Code 62-35-111 – Qualifying agent ceasing to perform duties

(a) If the qualifying agent of a licensee ceases to perform the qualifying agent’s duties on a regular basis, the licensee shall:

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Commissioner: means the commissioner of commerce and insurance or the commissioner's designee. See Tennessee Code 62-35-102
Licensee: means any contract security company licensed in accordance with this chapter. See Tennessee Code 62-35-102
Qualifying agent: means a principal corporate officer meeting the qualifications set forth in this chapter for operating a contract security company. See Tennessee Code 62-35-102

(1) Within thirty (30) days, notify the commissioner by certified or registered mail; and

(2) Within three (3) months, obtain a substitute qualifying agent.

(b) The commissioner may, in the commissioner’s discretion, extend the period for obtaining a substitute qualifying agent for a reasonable time.

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