Unfair trade practices defined

What this document is

Tenn. Code Ann. s. 56-8-104: Unfair trade practices defined is a state statute published by Public.Resource.Org bulk release of the Tennessee Code Annotated, via the Internet Archive. It is one of the Tennessee documents that insurance license exam questions are written from, including tennessee life & health, tennessee property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Tenn. Code Ann. § 56-8-104(4) (Boycott, Coercion and Intimidation)

  “Entering into any agreement to commit, or by any concerted action committing, any act or boycott, coercion or intimidation resulting in or tending to result in unreasonable restraint of or monopoly in, the business of insurance;”

• Tenn. Code Ann. § 56-8-104(3) (Defamation of an Insurer)

  “Defamation. Making, publishing, disseminating, or circulating, directly or indirectly, or aiding, abetting or encouraging the making, publishing, disseminating or circulating of any oral or written statement or any pamphlet, circular, article or literature that is false, or maliciously critical of...”

• Tenn. Code Ann. § 56-8-104(1)(E) (Misleading Policy Name or Title)

  “Uses any name or title of any policy or class of policies misrepresenting the true nature of the policy or class of policies;”

• Tenn. Code Ann. § 56-8-104(12) (Misrepresentation in Insurance Applications)

  “Making false or fraudulent statements or representations on or relative to an application for a policy, for the purpose of obtaining a fee, commission, money or other benefit from any provider or individual person;”

• Tenn. Code Ann. § 56-8-104(20) (Sales to Members of the Armed Forces)

  “the commissioner shall have the authority to adopt rules to protect service members of the United States armed forces from dishonest and predatory insurance sales practices by declaring certain identified practices to be false, misleading, deceptive or unfair;”

• Tenn. Code Ann. § 56-8-104(7) (Unfair Discrimination)

  “Making or permitting any unfair discrimination between individuals of the same class and of essentially the same hazard in the amount of premium, policy fees or rates charged for any accident or health insurance policy or in the benefits payable under any accident or health insurance policy, or in...”

• Tenn. Code Ann. § 56-8-104(2) (False Information and Advertising Generally)

  “or over any radio or television station, or in any other way, an advertisement, announcement or statement containing any assertion, representation or statement with respect to the business of insurance or with respect to any insurer in the conduct of its insurance business, that is untrue, deceptive or misleading;”

• Tenn. Code Ann. § 56-8-104(11) (Failure to maintain complaint handling procedures)

  “Failure to Maintain Complaint Handling Procedures. Failure of any insurer to maintain a complete record of all the complaints it received since the date of its last examination under § 56-1-408. This record shall indicate the total number of complaints, their classification by line of insurance,...”

• Tenn. Code Ann. § 56-8-104(6) (Stock Operations and Advisory Board Contracts)

  “Stock Operations and Advisory Board Contracts. Issuing or delivering or permitting agents, officers or employees to issue or deliver, agency company stock or other capital stock, or benefit certificates or shares in any common law corporation, or securities or any special or advisory board...”

• Tenn. Code Ann. § 56-8-104(9) (Prohibited Group Enrollments)

  “Prohibited Group Enrollments. No insurer shall offer more than one (1) group policy of insurance through any person unless the person is licensed, at a minimum, as a limited lines producer; however, this prohibition shall not apply to employer/employee relationships, nor to any such enrollments;”

• Tenn. Code Ann. § 56-8-104(18)(A) (Preferences or Distinctions in Certain Insurance Transactions prohibited)

  “Preferences or Distinctions in Certain Insurance Transactions prohibited. Making, offering to make, or permitting any preference or distinction in property, marine, casualty, or surety insurance as to form or policy, certificate, premium, rate, benefits, or conditions of insurance, based upon...”

• Tenn. Code Ann. § 56-8-104(19)(B) (Disclosure of nonpublic personal information; limits on penalties and license action)

  “The commissioner shall not impose civil penalties against, or revoke or suspend the license of, a person who violates subdivision (19)(A), unless the violator intentionally violated subdivision (19)(A) or committed violations of subdivision (19)(A) in sufficient number as to indicate a lack of the...”

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More Tennessee sources

• Tenn. Code Ann. tit. 56, ch. 6 - Insurance Producers (Tennessee Insurance Producer Licensing Act of 2002)State statute
• Tenn. Code Ann. tit. 56, ch. 7 - Policies and Policyholders (life, accident and health, and group provisions)State statute
• Tenn. Code Ann. tit. 56, ch. 12 - Insurance Guaranty Association Act (Part 1) and Tennessee Life and Health Insurance Guaranty Association Act (Part 2, 56-12-201 et seq.)State statute
• Tenn. Code Ann. tit. 56, ch. 32 - Health Maintenance Organization Act of 1986State statute
• Tennessee Insurance Content OutlinesCandidate handbook or exam outline
• Tennessee Insurance Licensing Candidate HandbookCandidate handbook or exam outline
• 2025 Tenn. Pub. Ch. 150 (HB 1045): Tenn. Code Ann. Section 56-7-203, life insurance and annuity proceeds exempt from creditors' claimsState statute
• Tenn. Code Ann. tit. 56, ch. 1 - Commissioner of Commerce and Insurance / Department of Commerce and Insurance: general provisions and insurance companies (56-1-101 to 56-1-919, 86 sections)State statute