No person, firm, association or corporation acting in the capacity of an MGA shall place business with an insurer unless there is in force a written contract between the parties that sets forth the responsibilities of each party and where both parties share responsibility for a particular function, specifies the division of responsibilities, and that contains the following minimum provisions:
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