Licensing Requirements: Surplus lines brokers are required to be licensed under Tennessee law. Tenn. Code Ann. §§ 56-14-104, 56-6-108, 56-6-118(b). Any resident property and casualty producers may be licensed as a
Does the state impose a fiduciary obligation on producers with respect to the handling of client funds (e.g. funds, monies, premiums and return premiums)? Any money that an insurance producer
May producers both charge a fee and collect a commission in connection with transactions and services provided to a particular client? Any money paid for a specific policy of insurance
Currently, Tennessee has no state laws or regulations pertaining to Producer’s Compensation Disclosure.
What entities are covered? Any “information holder” is defined as “any person or business that conducts business in this state, or any agency of this state or any of its