State RegulationsTN specificDifficulty 1/5
An insurer in Tennessee executes an agency contract with a newly hired producer. Within how many days must the appointing insurer file a notice of appointment with the Commissioner?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
T.C.A. § 56-6-115 requires the appointing insurer — not the producer — to file a notice of appointment within 15 days of executing the agency contract or of the first insurance application being submitted. The Commissioner then verifies the producer's eligibility within 30 days, so an insurer that delays the filing leaves its producer at risk of acting without a valid appointment.
Why the other options are wrong
- A) Five days is not the filing window; the statutory deadline for the notice of appointment is 15 days.
- C) The trigger is execution of the agency contract or the first application, not issuance of the first policy, and the window is 15 days.
- D) Forty-five days has no role in Tennessee appointments; the insurer's filing duty runs at 15 days under T.C.A. § 56-6-115.
Memory hook
Fifteen to file, thirty to verify — the insurer files, the Commissioner checks.