State RegulationsTN specificDifficulty 1/5
Under T.C.A. § 56-6-102, the term 'insurance producer' refers to which of the following?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
T.C.A. § 56-6-102 defines the insurance producer as the person required to be licensed to sell, solicit, or negotiate insurance. The definition is activity-based: what matters is performing the market-facing work of insurance — selling, soliciting, negotiating — which triggers the licensure requirement administered by the Tennessee Department of Commerce & Insurance. Nearly every producer duty in the Tennessee code hangs on whether a person fits this definition.
Why the other options are wrong
- B) Buying insurance, however many lines are involved, does not make a policyholder a producer; licensure attaches to selling activity, not purchasing.
- C) Home-office technical staff such as actuaries perform internal functions and are not the market-facing person the producer definition captures.
- D) An uncompensated consumer referral involves no selling, soliciting, or negotiating by the referrer, so the licensure definition does not attach.
Memory hook
Producer = the licensed seller-solicitor-negotiator; buying and referring don't count.