Insurance Producers (Tennessee Insurance Producer Licensing Act of 2002)

What this document is

Tenn. Code Ann. tit. 56, ch. 6 - Insurance Producers (Tennessee Insurance Producer Licensing Act of 2002) 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. tit. 56, ch. 6 § 56-6-116 (Fiduciary duty: grounds for license action)

  “Any money that an insurance producer receives for soliciting, negotiating or selling insurance shall be held in a fiduciary capacity, and shall not be misappropriated, converted or improperly withheld. Any violation of this section shall be considered grounds for the denial, suspension, or...”

• Tenn. Code Ann. tit. 56, ch. 6 § 56-6-104 (Exceptions to licensing)

  “Nothing in this part shall be construed to require an insurer to obtain an insurance producer license. In this section, the term “insurer” does not include an insurer's officers, directors, employees, subsidiaries or affiliates.”

• Tenn. Code Ann. tit. 56, ch. 6 § 56-6-103(a) (License required)

  “A person shall not sell, solicit or negotiate insurance in this state for any class or classes of insurance unless the person is licensed for that line of authority in accordance with this part.”

• Tenn. Code Ann. tit. 56, ch. 6 § 56-6-115(a) (Appointments)

  “An insurance producer shall not act as an agent of an insurer unless the insurance producer becomes an appointed agent of that insurer. An insurance producer who is not acting as an agent of an insurer is not required to become appointed.”

• Tenn. Code Ann. tit. 56, ch. 6 § 56-6-106(b) (Application for license: business entities)

  “A business entity may obtain an insurance producer's license; however, only an individual licensed producer or limited lines producer shall sell, solicit or negotiate a contract of insurance in this state.”

• Tenn. Code Ann. tit. 56, ch. 6 § 56-6-112(e) (License denial, nonrenewal, suspension or revocation)

  “The commissioner shall retain the authority to enforce this part and impose any penalty or remedy authorized by this part and this title against any person who is under investigation for or charged with a violation of this part or this title, even if the person's license has been surrendered or has...”

• Tenn. Code Ann. tit. 56, ch. 6 § 56-6-104(a) (Exceptions to licensing)

  “Nothing in this part shall be construed to require an insurer to obtain an insurance producer license. In this section, the term “insurer” does not include an insurer's officers, directors, employees, subsidiaries or affiliates.”

• Tenn. Code Ann. tit. 56, ch. 6 § 56-6-113(e) (Commissions: referrals by unlicensed persons)

  “An unlicensed person may make a referral to a licensed insurance producer if the person does not discuss the specific insurance policy terms and conditions. Except as prohibited by federal law, the unlicensed person may be compensated for the referral. However, an unlicensed person who is neither...”

• Tenn. Code Ann. tit. 56, ch. 6 § 56-6-115 (Appointments)

  “An insurance producer shall not act as an agent of an insurer unless the insurance producer becomes an appointed agent of that insurer. An insurance producer who is not acting as an agent of an insurer is not required to become appointed.”

• Tenn. Code Ann. tit. 56, ch. 6 § 56-6-112 (License denial, nonrenewal, suspension or revocation; business entity license)

  “The license of a business entity may be suspended or revoked if the commissioner finds, after a hearing, that an individual licensee's violation was known or should have been known by one (1) or more of the partners, officers or managers acting on behalf of the partnership or corporation and the...”

• Tenn. Code Ann. tit. 56, ch. 6 § 56-6-116 (Fiduciary duty)

  “Any money that an insurance producer receives for soliciting, negotiating or selling insurance shall be held in a fiduciary capacity, and shall not be misappropriated, converted or improperly withheld. Any violation of this section shall be considered grounds for the denial, suspension, or...”

• Tenn. Code Ann. tit. 56, ch. 6 § 56-6-115 (Appointments; producer regarded as agent of the insurer)

  “An insurance producer who solicits or negotiates an application for insurance shall be regarded, in any controversy arising from the application for insurance or any policy issued in connection with the application between the insured or insured's beneficiary and the insurer, as the agent of the...”

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Questions about this source

More Tennessee sources

• Tenn. Code Ann. s. 56-8-104: Unfair trade practices definedState 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