{"data":{"id":"us-tn/tenn.-code-ann.-56-6-503","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 56-6-503","heading":"Requirements for acting in capacity of an MGA - Bond - Errors and omissions policy","body":"(a) No person shall act in the capacity of an MGA, with respect to risks located in this state for an insurer licensed in this state, unless the person is a licensed insurance agent in this state.\n(b) No person shall act in the capacity of an MGA representing an insurer domiciled in this state, with respect to risks located outside this state, unless the person is a licensed insurance agent in this state, which includes a nonresident license, pursuant to this part.\n(c) The commissioner may require a bond in an amount acceptable to the commissioner for the protection of the insurer.\n(d) The commissioner may require the MGA to maintain an errors and omissions policy.","path":["TN Code","Title 56","Chapter 6"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-17","retrieved_at":"2026-09-17T21:51:56Z","sha256":"facdfe6562994eec3b451e07f152056cf7568dae65e230eca4104e94eaf523ef","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-56-6-502","next":"us-tn/tenn.-code-ann.-56-6-504","notices":[{"id":"open-us-law","title":"Open US Law compilation","text":"Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text.","url":"https://huggingface.co/datasets/vaquill/open-us-law","license_url":"https://creativecommons.org/licenses/by/4.0/"},{"id":"pro-tn","title":"Tennessee Release 76 supplement","text":"Tennessee electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 76 only as a labeled supplement to the newer Open US Law rows.","url":"https://archive.org/details/gov.tn.tca"}]},"notice":"GroundRules: Original legal text. Not legal advice."}