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Tennessee Code Title 56. Insurance § 56-37-104

Current as of January 02, 2024 | Updated by Findlaw Staff

(a) Upon the filing of an application and the payment of the nonrefundable supervision fee, as provided in § 45-1-118(i), the commissioner shall make an investigation of each applicant and shall issue a license if the applicant is qualified in accordance with this chapter. If the commissioner does not so find, the commissioner shall, at the request of the applicant, give the applicant a full hearing in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.

(b) The commissioner shall issue or renew a license, as may be applied for, when the commissioner is satisfied that the person to be licensed:

(1) Is competent and trustworthy and intends to act in good faith in the capacity involved by the license for which the person applied;

(2) Has a good business reputation and has had experience, training or education so as to be qualified in the business for which the license is required; and

(3) If a corporation, is a corporation incorporated under the laws of this state or a foreign corporation authorized to transact business in this state.

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Cite this article: FindLaw.com - Tennessee Code Title 56. Insurance § 56-37-104 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-56-insurance/tn-code-sect-56-37-104/

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