Tennessee § 56-37-102 - Chapter definitions.
Full text of Tennessee Tennessee Code Annotated § 56-37-102 — Chapter definitions., with citation guidance and answers to common questions.
§ 56-37-102. Chapter definitions.
As used in this chapter, unless the context otherwise requires: “Commissioner” means the commissioner of financial institutions; “Licensee” means a premium finance company holding a license issued under this chapter; “Person” means an individual, partnership, association, business corporation, nonprofit corporation, common law trust, joint-stock company or any other group of individuals however organized; “Premium finance agreement” means an agreement by which an insured or prospective insured promises to pay to a premium finance company the amount advanced or to be advanced under the agreement to an insurer or to an insurance agent or producing agent in payment of premiums of an insurance contract, together with interest and a service charge as authorized and limited by this chapter; “Premium finance company” means a person engaged in the business of entering into premium finance agreements or acquiring premium finance agreements from other premium finance companies; and “Premiums financed” means any interest assigned pursuant to a premium finance agreement or other assignment in or relating to an insurance policy or contract of insurance, to the extent of the rights retained by an assignor or assignee of that policy or contract of insurance for the refund of premiums and related charges paid. Acts 1980, ch. 920, § 2; 2013, ch. 121, § 1. Code Commission Notes. “Commissioner of financial institutions” has been substituted for “commissioner of commerce and insurance” to reflect the transfer of regulation of premium finance companies in Executive Order No. 52 (September 9, 1983). Textbooks. Tennessee Jurisprudence, 15 Tenn. Juris., Insurance, § 47.
Frequently Asked Questions About Tennessee § 56-37-102
What does Tennessee Code Annotated § 56-37-102 cover?
Section 56-37-102 ("Chapter definitions.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 56-37-102?
A common citation format is "Tennessee Code Annotated § 56-37-102" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 56-37-102 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.