Tennessee § 56-43-107 - Exclusive agency or management contracts.
Full text of Tennessee Tennessee Code Annotated § 56-43-107 — Exclusive agency or management contracts., with citation guidance and answers to common questions.
§ 56-43-107. Exclusive agency or management contracts.
No insurer may enter into any exclusive agency contract or management contract unless the contract is first filed with the commissioner and not disapproved under this section within thirty (30) days after filing, or a reasonable extended period as the commissioner may specify by notice within the thirty (30) days. The commissioner shall disapprove a contract under subsection (a) if the commissioner finds that: It subjects the insurer to excessive charges; The contract extends for an unreasonable period of time; The contract does not contain fair and adequate standards of performance; The persons empowered under the contract to manage the insurer are not sufficiently trustworthy, competent, experienced and free from conflict of interest to manage the insurer with due regard for the interests of its insureds, creditors or the public; or The contract contains provisions that impair the interests of the insurer's insureds or creditors of the public in this state. Acts 1989, ch. 423, § 6.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-43-107
What does Tennessee Code Annotated § 56-43-107 cover?
Section 56-43-107 ("Exclusive agency or management contracts.") 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 § 56-43-107?
A common citation format is "Tennessee Code Annotated § 56-43-107" (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 § 56-43-107 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.