LegalFix
Sign In

§ 56-6-1202. Requirement to hold a limited lines license to sell or offer coverage.

TN Code § 56-6-1202 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a) An owner shall hold a limited lines business entity producer's license to sell or offer coverage under a policy of self-service storage insurance. An owner who complies with this part shall be entitled to a limited lines license, without examination, authorizing the owner to sell or offer coverage under a policy of self-service storage insurance.

(b) A limited lines license issued to an owner under this section shall authorize any employee or authorized representative of the owner to sell or offer coverage under a policy of self-service storage insurance to an occupant at each location at which the owner engages in self-service storage transactions.

(c) In connection with an owner's initial application for licensure and at renewal, the owner shall provide a list to the commissioner of all locations in this state at which the owner offers coverage.

(d) Notwithstanding any law to the contrary, a license issued pursuant to this section shall authorize the licensee and its employees or authorized representatives to engage in activities permitted in this part.

Previous Section
§ 56-6-1201. Part definitions.
Next Section
§ 56-6-1203. Availability of brochures or other written materials -- Offer on periodic basis -- Eligibility and underwriting standards.