As used in this part, unless the context otherwise requires:
Notwithstanding subdivision (3)(A), the following persons shall not be considered as MGAs for the purposes of this part:
An employee of the insurer;
A United States manager of the United States branch of an alien insurer;
An underwriting manager that, pursuant to contract, manages all the insurance operations of the insurer, is under common control with the insurer, subject to the Insurance Holding Company System Act of 1986, compiled in chapter 11 of this title, and whose compensation is not based on the volume of premiums written; and
The attorney-in-fact authorized by and acting for the subscribers of a reciprocal insurer or inter-insurance exchange under powers of attorney; and
“Underwrite” means the authority to accept or reject risk on behalf of the insurer.
Structure 2021 Tennessee Code
Chapter 6 - Agents, Solicitors and Administrators
Part 5 - Managing General Agents Act
§ 56-6-504. Contract Required for Business Between an Mga and an Insurer — Required Provisions
§ 56-6-506. Acts of an Mga Considered Acts of the Insurer
§ 56-6-508. Commissioner — Authority to Promulgate Rules and Regulations
§ 56-6-509. Commissioner — Waiver of Applicability of Chapter