State RegulationsTN specificDifficulty 1/5
After an insurer files a notice of appointment in Tennessee, within what period must the Commissioner verify the producer's eligibility for appointment?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
T.C.A. § 56-6-115 directs the Commissioner to verify a producer's eligibility within 30 days after the appointing insurer files the notice of appointment. Verification confirms the producer holds the required license so the insurer may lawfully treat the producer as its appointed agent for Tennessee business.
Why the other options are wrong
- A) Five days is the window for notifying the insurer when an appointment is found ineligible, not the Commissioner's verification period.
- B) Fifteen days is the insurer's filing deadline, which comes before the Commissioner's 30-day verification.
- D) Sixty days doubles the statutory period; verification is due within 30 days under T.C.A. § 56-6-115.
Memory hook
The insurer files in fifteen; the Commissioner verifies in thirty.