Tenn. Comp. R. & Regs. 0780-01-51-.01

Current through September 10, 2024
Section 0780-01-51-.01 - PURPOSE

The purpose of these rules is to identify prohibited activities, which, taken in conjunction with another specific existing relationship, such as a lease, between a financial institution and/or insurance companies, agents, or agencies, would violate statutory provisions contained in T.C.A. §§56-6-126, 56-6-201 through 56-6-207, 56-8-101 through 56-8-104 and 56-8-106. The provisions of this chapter apply only when financial institutions share a retail area with insurance agents or agencies. This chapter does not apply to existing operations of financial institutions related to the sale of certain types of insurance, when such operations are specifically permitted by state and/or federal statutes.

Tenn. Comp. R. & Regs. 0780-01-51-.01

Original chapter filed January 16, 1985; effective February 15, 1985.

Authority: T.C.A. §§ 56-6-127 and 56-8-113.