2010 Tennessee Code
Title 56 - Insurance
Chapter 49 - Tennessee Creditor-Placed Insurance Act of 1999
56-49-102 - Applicability Enforcement.

56-49-102. Applicability Enforcement.

(a)  This chapter applies to an insurer or agent transacting creditor-placed insurance as defined in this chapter.

(b)  All creditor-placed insurance written in connection with credit transactions for personal, family or household purposes is subject to  this chapter, except:

     (1)  Transactions involving extensions of credit primarily for business or commercial purposes;

     (2)  Insurance on collateraIized real property;

     (3)  Insurance offered by the creditor and elected by the debtor at the debtor's option;

     (4)  Insurance for which no specific charge is made to the debtor or the debtor's account; or

     (5)  Blanket insurance, whether paid for by the debtor or the creditor.

(c)  Nothing in this chapter shall be construed to create or imply a private cause of action for violation of this chapter, and the commissioner shall have authority to bring administrative or judicial proceedings to enforce this chapter.

[Acts 1999, ch. 144, § 2.]