Short title - Purpose

(a) This chapter shall be known and may be cited as the "Tennessee Creditor-Placed Insurance Act of 1999." (b) The purposes of this chapter are to: (1) Promote the public welfare by regulating creditor-placed insurance; (2) Create a legal framework within which creditor-placed insurance may be written in this state; (3) Help maintain the separation between creditors and insurers; and (4) Minimize the possibilities of unfair competitive practices in the sale of creditor-placed insurance. Acts 1999, ch. 144, § 1. (a) This chapter shall be known and may be cited as the "Tennessee Creditor-Placed Insurance Act of 1999." (b) The purposes of this chapter are to: (1) Promote the public welfare by regulating creditor-placed insurance; (2) Create a legal framework within which creditor-placed insurance may be written in this state; (3) Help maintain the separation between creditors and insurers; and (4) Minimize the possibilities of unfair competitive practices in the sale of creditor-placed insurance. (1) Promote the public welfare by regulating creditor-placed insurance; (2) Create a legal framework within which creditor-placed insurance may be written in this state; (3) Help maintain the separation between creditors and insurers; and (4) Minimize the possibilities of unfair competitive practices in the sale of creditor-placed insurance. Acts 1999, ch. 144, § 1.