Tennessee Code Title 50. Employer and Employee § 50-1-1102

(1) “Benefit plan” includes:

(2) “Employee” means an individual who performs services for an employer for wages, and the services performed by the individual qualify as an employer-employee relationship with the employer based upon consideration of the twenty-factor test described in § 50-2-111;

(3) “Hiring party” means a person who hires or enters into a contract with an independent contractor;

(4) “Independent contractor” means an individual who performs services for a hiring party in exchange for compensation, and the relationship with the hiring party qualifies the individual as an independent contractor based upon consideration of the twenty-factor test described in § 50-2-111;

(5) “Portable benefit account” means an account opened by an independent contractor to fund the purchase of one (1) or more benefit plans and that is administered by a third-party portable benefit account provider chosen by the independent contractor and assigned to a beneficiary of one (1) or more benefit plans rather than a hiring party;  and

(6) “Portable benefit account provider” means a bank, as defined in Section 3(a)(1) of the Federal Deposit Insurance Act (12 U.S.C. § 1813(a)(1));  an investment management firm;  or a technology provider or program manager that offers services through a bank or investment management firm.