Tennessee Insurance License
Licensing requirements for Tennessee insurance professionals and companies.
This page provides an overview of insurance licensing in Tennessee for individuals and companies. You will find state requirements, application fees, filing instructions, and more. For assistance with licensing, please contact us to learn about our software and managed license services.
Companies that provide insurance producer services in Tennessee must apply for a license prior to doing business. Depending on the lines of authority offered by the entity and the types of services offered, multiple firm licenses may be required.
Before applying, firms should ensure that the licensed individual to be appointed agent in charge has the necessary licenses. Firms should also gather proof of incorporation, or foreign qualification for out-of-state firms, in anticipation of application requirements.
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- Tennessee Financial Services Company Licenses
- Tennessee Individual Financial Services Licenses
Company Licenses
Tennessee Financial Services Company Licenses
Tennessee Collection Agency Branch Office License
| Agency: | Tennessee Department of Commerce and Insurance |
Initial Registration
| Filing Method: | |
| Agency Fee: | $100 registration fee + $25 for each solicitor. |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $350 renewal fee + $25 for each solicitor. |
| Due: | Biennially by the date of issuance. |
Tennessee Collection Agency License
Initial Registration
| Filing Method: | |
| Agency Fee: | $750 application fee + $600 registration fee and $25 for each solicitor after the license is approved. |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $350 renewal fee + $25 for each solicitor. |
| Due: | Biennially by the date of issuance. |
Amendment
| Agency Fee: | $0 |
| Notes: | Changes to an agency's address should be emailed to Collection.Service@TN.Gov along with an amended surety bond and corporate bond. |
Reinstatement
| Agency Fee: | $100 late renewal fee + standard renewal fees. |
| Notes: | Expired licenses can be reinstated for up to 60 days after the expiration date. Licenses expired for more than 60 days cannot be reinstated and the license holder must reapply. |
Tennessee External Review Registration
| Type of Review: | Medical Utilization Review |
| Agency: | Tennessee Department of Commerce and Insurance |
| Law: | TN Code § 56-61-120 |
| Registered Agent (Special Agency) Required? | Yes |
Initial Registration
| Form: | |
| Agency Fee: | $500 for accredited entities and $1,500 for unaccredited entities. |
| Required Attachments: | See the application form for a detailed list of attachments. |
Registration Renewal
| Form: | |
| Agency Fee: | $500 for accredited entities and $1,500 for unaccredited entities. |
| Due: | Biennially by the registration anniversary date. |
Tennessee Insurance Agency License
| Agency: | Tennessee Department of Commerce and Insurance |
Initial Registration
This section applies to insurance firms that are applying for a license in Tennessee for the first time.
| Agency: | Tennessee Department of Commerce and Insurance |
| Form: | |
| Agency Fee: | Varies by insurance type. Baseline of $50 |
Tennessee Utilization Review Organization Registration
Initial Registration
| Form: | |
| Agency Fee: | $0 |
| Required Attachments: |
|
Renewal Not Required
Not required
Individual Licenses
Tennessee Individual Financial Services Licenses
Tennessee Individual Insurance Producer License
| Agency: | Tennessee Department of Commerce and Insurance - Insurance Division |
| Foreign Qualification is Prerequisite: | No |
| Registered Agent (Special Agency) Required? | No |
Initial Registration
| Filing Method: | |
| Agency Fee: | $50 for resident producers, non-residents pay a retaliatory fee based on their home state. |
Registration Renewal
| Filing Method: | |
| Agency Fee: | Residents pay $60 for major lines of authority and $30 for limited lines of authority. Non-resident producers pay a retaliatory fee based on their home state. |
| Due: | Biennially by the end of the licensee's birth month. |
Learn about insurance licensing in other states:
Adjuster - A person or firm that is paid to adjust, investigate, and negotiate claim settlements. There are 3 categories of adjusters: company, independent, and public. Company adjusters work for insurance companies and investigate claims on behalf of the company. Independent adjusters investigate claims on a contractual basis for insurance companies. Public adjusters investigate claims on behalf of claimants, usually to determine the amount of money that can be claimed.
Agent in Charge - A licensed individual responsible for the supervision of all individuals within an insurance agency. The agent in charge must be licensed in the same lines as the agency.
Insurance Agent - Insurance agents act as intermediaries between the insurance company and policyholders. Agents can be either captive or independent. Captive agents represent a single insurance company, while independent agents represent multiple insurers.
Insurance Broker - Individuals who sell insurance policies while representing the interests of the buyer. Brokers are typically independent intermediaries without an insurance company affiliation.
Insurance Producer - May be used to refer to either individual insurance agents and brokers or insurance agencies and brokerages.
Managing General Agent - An agent or broker that is involved in underwriting and has other areas of authority normally handled by insurers. MGAs are typically involved in unusual lines of coverage or in geographically prohibitive areas.
Surplus Lines Insurer - An insurance carrier that takes on risks that a licensed carrier is unwilling to insure. Surplus lines insurers do not have access to state guaranty funds and are less tightly regulated by state governing bodies.
Third Party Administrator - An organization that manages group insurance policies and works with the employer and insurance carrier to process claims, handle loss control, and provide risk management and consulting services.
Title Agent - Title agents sell insurance that protects real estate owners against loss of ownership of a property due to a legal claim.
Viatical Settlement Provider - A company that purchases life insurance policies at a discount from individuals seeking immediately available funds.
Independent Insurance Agents and Brokers of America (Big “I”)
Advocacy group of independent insurance brokers and agents.
National Association of Insurance and Financial Advisors (NAIFA)
Professional association that advocates for favorable regulatory conditions for insurance agents and financial advisors.
National Association of Insurance Companies (NAIC)
A standard setting and regulatory support organization that is governed by state insurance regulators.
National Association of Professional Insurance Agents (PIA)
Professional association that provides education and advocacy for insurance agents throughout the United States.
National Insurance Producer Registry (NIPR)
An affiliate of the NAIC that provides streamlined and uniform producer licensing processes.
