Tennessee § 56-5-121 - Interchange of data for rating plans — Cooperative activities.

§ 56-5-121. Interchange of data for rating plans — Cooperative activities.

Reasonable rules and plans may be promulgated by the commissioner for the interchange of data necessary for the application of rating plans. In order to further conform administration of rate regulatory laws, the commissioner and every insurer and the advisory organization designated by the commissioner may exchange information and experience data with insurance supervisory officials, insurers and advisory organizations in other states and may consult with them with respect to rate making and the application of rating systems. Cooperation among advisory organizations, or among advisory organizations and insurers in rate making or in other matters within the scope of this chapter is authorized, but the filings resulting from the cooperation are subject to this chapter. The commissioner, with the assistance of the attorney general and reporter, may review the cooperative activities and practices. If after a hearing the activity or practice is found to violate this chapter, the commissioner may issue a written order specifying that the activity or practice violates this chapter and requiring the discontinuance of the activity. Acts 1996, ch. 944, § 41; T.C.A. § 56-5-321 . Code Commission Notes. This section was renumbered from § 56-5-321 to § 56-5-121 by authority of the Code Commission in 2016. Compiler's Notes. Acts 1996, ch. 944, § 42 provided that nothing in §§ 28-41 of that act shall apply to pooling agreements described in § 50-6-405(c) . Acts 1996, ch. 944, § 43(a), as amended by Acts 2001, ch. 192, § 2(a), provided that §§ 31-42 of the act are repealed, effective July 1, 2007, and that the affected sections of titles 50 and 56 shall be revived and reenacted in their prior versions on that date. Acts 2007, ch. 359, §§ 1 and 2 provided that the provisions of Acts 1996, ch. 944, § 43(a) and Acts 2001, ch. 192, § 2(a) are deleted effective June 5, 2007.