Section 0780-05-02-.06 - INSURANCE REQUIREMENTS(1) An applicant for a contract security company license shall furnish, in addition to the information specified in § 62-35-105(a) of the Act, a certificate of insurance which meets the requirements of § 62-35-114(2) A proprietary security organization which files a notice under § 62-35-123 of the Act shall furnish, in addition to the information specified therein, a certificate of insurance which meets the requirements of § 62-35-114.(3) The insurance requirements of § 62-35-114 apply only to licensees and those proprietary security organizations which are covered by the Act. Such requirements do not apply to a private business which procures security guard and patrol services from an independent contractor.(4) In the event that a licensee or a proprietary security organization covered by the Act ceases (due to modification, cancellation, or non-renewal of a policy) to maintain insurance coverage which meets the requirements of § 62-35-114 of the Act, such licensee or proprietary security organization shall not provide, employ, or undertake to provide or employ any security guard and patrol service until a proper insurance certificate is filed with the commissioner.Tenn. Comp. R. & Regs. 0780-05-02-.06
Original rule filed November 17, 1987; effective January 1, 1988.Authority: T.C.A. §§ 62-35-129(b), 62-35-105(a)(6), and 62-35-123(3).