Tennessee § 56-35-110 - Agencies to hold certificates of authority — Application for certificate.

§ 56-35-110. Agencies to hold certificates of authority — Application for certificate.

No person within this state shall act or hold the person out as a title insurance agency unless the person has been issued a certificate of authority by the commissioner. Any application for the certificate shall be in writing and on forms prescribed by the commissioner and shall be accompanied by a filing fee of one hundred ten dollars ($110). Acts 1980, ch. 857, § 12; 2001, ch. 333, § 7. Compiler's Notes. Former § 56-35-110 , concerning agents and fees, was transferred to § 56-35-204 . Former subsection (c), concerning issuance of a certificate of authority to any person engaged as a title insurance agency on April 1, 1980, was deemed obsolete and was deleted by the code commission in 2000. Acts 2001, ch. 333, § 9 provided: “The purpose of this act is to afford the insurance division of the department of commerce and insurance the ability to obtain sufficient staff and resources to adequately implement the provisions of title 56 and title 55, chapter 18, part 1 as related to the regulation of the business of insurance. Notwithstanding any law to the contrary, the increase in revenues generated by passage of this act shall be utilized by the department to defray the expenses of improvements to the department's insurance division incurred in the regulation of the business of insurance, including the expenses associated with any improvements to the division deemed necessary from time to time by the commissioner. The improvements contemplated by this act shall be in addition to the base level funding appropriated to the insurance division in the fiscal year ending June 30, 2001. The commissioner is directed to identify the increase in revenues generated by this act and the expenditures associated with this increase, and annually inform the commissioner of finance and administration of the amount of any unexpended revenues. The commissioner of finance and administration at the close of each fiscal year shall reserve any excess revenues raised by this act and unspent by the department of commerce and insurance, until expended for purposes consistent with this act. The funds shall not revert to the general fund on any June 30, and excess revenues shall not revert on any June 30, but shall remain available only for the benefit of the department of commerce and insurance's insurance division.” Cross-References. Additional requirements for license or certificate, § 56-35-131 .