Tennessee § 47-18-5505 - Application for registration — Form, fee, and accompanying documents.

§ 47-18-5505. Application for registration — Form, fee, and accompanying documents.

An application for registration as a provider must be in a form prescribed by the administrator. Subject to adjustment of dollar amounts pursuant to § 47-18-5532(f), an application for registration as a provider must be accompanied by: The fee established by the administrator; The bond required by § 47-18-5513; Identification of all trust accounts required by § 47-18-5522 and an irrevocable consent authorizing the administrator to review and examine the trust accounts; Evidence of insurance in the amount of two hundred fifty thousand dollars ($250,000): Against the risks of dishonesty, fraud, theft and other misconduct on the part of the applicant or a director, employee or agent of the applicant; Issued by an insurance company authorized to do business in this state and rated at least “A” or equivalent by a nationally recognized rating organization approved by the administrator; With a deductible not exceeding five thousand dollars ($5,000); Payable for the benefit of the applicant, this state and individuals who are residents of this state, as their interests may appear; and Not subject to cancellation by the applicant or the insurer until sixty (60) days after written notice has been given to the administrator; A record consenting to the jurisdiction of this state containing: The name, business address and other contact information of its registered agent in this state for purposes of service of process; or The appointment of the administrator as agent of the provider for purposes of service of process; and If the applicant is exempt from taxation under the Internal Revenue Code, 26 U.S.C. § 501, evidence of that status. Acts 2009, ch. 469, § 1. Code Commission Notes. Acts 2009, ch. 469, § 1 purported to enact new part 54, §§ 47-18-5401 — 47-18-5441 ; however, part 54 was previously enacted by Acts 2009, ch. 198, and this part was redesignated as part 55, §§ 47-18-5501 — 47-18-5541 by the code commission.