Tenn. Comp. R. & Regs. 0780-01-54-.18
No person shall make a material misrepresentation, omit to state a material fact, including the joint and several nature of the pool, or make any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading in connection with the offering of workers' compensation coverage by a pool to members of a trade or professional association. Notwithstanding the forgoing, a misrepresentation shall not provide a member grounds for avoiding its liabilities and obligations to the pool if that member's workers' compensation liabilities have been paid or incurred by the pool.
Tenn. Comp. R. & Regs. 0780-01-54-.18
Authority: T.C.A. §§ 50-6-405(c) and (h), 56-8-104 and 56-8-113.