1. (1) An applicant for a contract security company license shall furnish, in addition to the information specified in § 62-35-105(a) of the Act, a certificate of insurance which meets the requirements of § 62-35-114.
2. (2) A proprietary security organization which files a notice under § 62-35-123 of the Act shall furnish, in addition to the information specified therein, a certificate of insurance which meets the requirements of § 62-35-114.
3. (3) The insurance requirements of T.C.A. § 62-35-114 apply only to licensees and those proprietary security organizations which are covered by the Act. Such requirements do not apply to a private business which procures security guard and/or patrol services from a contract security company.
4. (4) In the event that a licensee or a proprietary security organization covered by the Act ceases to maintain insurance coverage which meets the requirements of the Act for any reason, such licensee or proprietary security organization shall not provide, employ, or undertake to provide or employ any security guard and/or patrol service until a proper insurance certificate is filed with the Commissioner.

Authority: T.C.A. §§ 62-35-105, 62-35-123, and 62-35-129. Administrative History: Original rule filed November 17, 1987; effective January 1, 1988. Amendments filed March 21, 2025; effective June 19, 2025.