Home ] Forms ] Statute ] State Sites ] Policies ] Members ] Liquidators ] Links ] Insureds ] Insolvencies ] Guaranty Funds ] FAQs ] Contact Us ] Claimants ] Attorneys ]
 

 

56-12-103. Scope. - This part shall apply to all kinds of direct insurance, but shall not be applicable to:

  1. Life, annuity, health or disability insurance;
  2. Mortgage guaranty, financial guaranty or other forms of insurance offering protection against investment risks;
  3. Fidelity or surety bonds, or any other bonding obligations;
  4. Credit insurance, vendors' single interest insurance, or other collateral protection insurance or any similar insurance protecting the interests of a creditor arising out of a creditor-debtor transaction;
  5. Insurance of warranties or service contracts, including insurance that provides for the repair, replacement, or service of goods or property, or indemnification for repair, replacement or service for the operational or structural failure of the goods or property due to a defect in materials, workmanship, or normal wear and tear or provides reimbursement for the liability incurred by the issuer of the agreements or service contracts that provide the benefits;
  6. Title insurance;
  7. Ocean marine insurance;
  8. Any transaction or combination of transactions between a person, including affiliates of the person, and an insurer, including affiliates of the insurer, that involves the transfer of investment or credit risk unaccompanied by transfer of insurance risk;
  9. Any insurance provided by or guaranteed by government;
  10. Any insurance issued on a limited or unlimited assessable basis; or
  11. Excess insurance.

[Acts 1971, ch. 180, 3; 1975, ch. 62, 3; 1977, ch. 203, 1; T.C.A., 56-4003; Acts 1987, ch. 27, 1; 1999, ch. 48, 1.]

Return to Statute Page

 

 

Copyright 2006  Tennessee Insurance Guaranty Association  All rights reserved.

Copyright is not claimed as to the Tennessee Code provisions reproduced herein.

 

Policies

 

Legal Disclaimer:  Information on this site is provided to assist claimants, but is not legal advice, a comprehensive statement of the law or a detailed statement of TIGA policy and procedures, and reference should always be made to enabling legislation and case law. Certain information may not be current, and advice of legal counsel and insurance professionals is recommended.  TIGA  makes no warranty or guarantee concerning the accuracy of reliability of the content of this website or other linked or related websites.  Although TIGA has made every effort to produce the most complete up-to-date and accurate information on this website, such information is meant to be used for reference purposes only.  Any reference to the guaranty fund laws of any jurisdiction is for informational purposes only and is not a substitute for the official version of a statute or for legal advice.  Should you wish to view an official version of any guaranty fund statute, please contact the appropriate insurance department or ask your attorney to do so.