State RegulationsTN specificDifficulty 1/5
Which line of insurance authority must a producer hold in Tennessee before soliciting annuity contracts?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Annuity contracts are life insurance products, so a Tennessee producer must hold the life line of authority before soliciting them, and Tenn. Comp. R. & Regs. 0780-01-86 layers annuity-specific suitability obligations on top of that life licensing requirement. The Tennessee Department of Commerce & Insurance regulates which lines a producer may lawfully solicit.
Why the other options are wrong
- A) The accident and health line covers health coverage, not annuity contracts, which are life insurance products.
- B) The property line addresses property coverage and gives no authority to solicit annuities.
- C) The casualty line addresses liability and related coverages and does not authorize annuity solicitation.
Memory hook
Annuities are life products: life license first, suitability rules on top.