56-24-103 - Certificate of authority for agent Expiration Renewal Failure to apply for Transacting business without Penalty. - Tennessee Statutes

56-24-103. Certificate of authority for agent Expiration Renewal Failure to apply for Transacting business without Penalty.

Every corporation transacting business under this chapter shall obtain from the commissioner a certificate of authority for each agent writing or soliciting insurance for it in this state, which certificate shall show that the corporation has complied with this chapter, and the certificate, unless sooner revoked, shall expire with the end of each calendar year, and be renewed within thirty (30) days thereafter. Any corporation that neglects or fails to make application for certificates of authority for its agents or any one (1) of its agents, and any agent who transacts any business for the corporation without first receiving the certificate herein required, shall be liable to a fine of one hundred dollars ($100).

[Acts 1897, ch. 127, § 12; Shan., § 3350a9; Code 1932, § 6226; T.C.A. (orig. ed.), § 56-2323.]