Tennessee § 56-7-1806 - Revision of rates.
Full text of Tennessee Tennessee Code Annotated § 56-7-1806 — Revision of rates., with citation guidance and answers to common questions.
§ 56-7-1806. Revision of rates.
In the event an insurance company intends to increase the premiums of a commercial risk policy by an amount that is more than twenty-five percent (25%) and the increase in premium is the result of comparing policies of equivalent exposures, the insurance company shall mail or deliver to the named insured and producer at the address shown on the policy, not less than sixty (60) days prior notice of its intention to increase the premiums, specifying the percentage of the increase. Unless notice is provided as described in subsection (a), the insurer is required to extend the existing policy sixty (60) days from the date the notice is provided. The premium for the policy provided in those circumstances shall be not more than a pro rata basis of the existing policy. Acts 1986, ch. 656, § 6; 2005, ch. 52, § 1. Code Commission Notes. Former (b), deemed obsolete and deleted from this section in 1989, read: “A thirty-day notice and extension of policy requirement as outlined above shall be allowed from July 1, 1986, until December 31, 1986.”
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-7-1806
What does Tennessee Code Annotated § 56-7-1806 cover?
Section 56-7-1806 ("Revision of rates.") 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 § 56-7-1806?
A common citation format is "Tennessee Code Annotated § 56-7-1806" (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 § 56-7-1806 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.