56-6-411 - Waiver of license requirements. - Tennessee Statutes

56-6-411. Waiver of license requirements.

The commissioner may waive the requirements of § 56-6-410 for any person or class of persons. The factors taken into account in granting the waiver shall include, but not be limited to:

     (1)  Whether the person acting as an administrator is primarily in a business other than that of administrator;

     (2)  Whether the financial strength or history of the organization indicates stability in its continuity of doing business; and

     (3)  Whether the regular duties being performed as an administrator are such that the covered persons are not likely to be injured by a waiver of the requirements.

[Acts 1980, ch. 640, § 11.]