Amends TCA Title 56, Chapter 6, Part 1.
ON MARCH 21, 2022, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 1772, AS AMENDED. AMENDMENT #1 rewrites this bill to add an exception to the general requirement that a person must be licensed in order to sell, solicit, or negotiate insurance in Tennessee for any class or classes of insurance. Under this amendment, a license as an insurance producer will not be required for a medicare product marketing representative, unless licensing as an insurance producer is required under applicable centers for medicare and medicaid services (CMS) regulations. This amendment defines "medicare product marketing representative" to mean an individual who: (1) Is authorized by a medicare product insurer to engage in medicare product marketing on the insurer's behalf; (2) Works under the supervision of a licensed supervising agent employed by the medicare product insurer; and (3) Complies with applicable CMS training and educational requirements for medicare products.
ON MARCH 21, 2022, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 1772, AS AMENDED. AMENDMENT #1 rewrites this bill to add an exception to the general requirement that a person must be licensed in order to sell, solicit, or negotiate insurance in Tennessee for any class or classes of insurance. Under this amendment, a license as an insurance producer will not be required for a medicare product marketing representative, unless licensing as an insurance producer is required under applicable centers for medicare and medicaid services (CMS) regulations. This amendment defines "medicare product marketing representative" to mean an individual who: (1) Is authorized by a medicare product insurer to engage in medicare product marketing on the insurer's behalf; (2) Works under the supervision of a licensed supervising agent employed by the medicare product insurer; and (3) Complies with applicable CMS training and educational requirements for medicare products.
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