1. (1) A warrantor may secure a warranty reimbursement insurance policy or policies which are to cover any vehicle protection product warranties provided in this State from a surplus lines insurer. Such policies must conform to the requirements found in T.C.A. §§ 56-55-105 and 56-55-106, and must be secured through a licensed surplus lines agent who represents a surplus lines insurer that is domiciled in the United States, and eligible under T.C.A. §§ 56-14-101, et seq., to provide such coverage.

Authority: T.C.A. §§ 56-55-105, 56-55-106, 56-55-113 and 56-14-101, et seq. Administrative History: Original rule filed April 22, 2008, to be effective July 6, 2008; however, the House Government Operations Committee stayed the rule; new effective date August 16, 2008.