Tennessee Alters Surplus Lines Licensing

The expiration date for surplus lines licenses in Tennessee will soon have to coincide with the expiration of an agent’s primary insurance producer license. All surplus lines license expiration dates will be moved ahead to match the expiration of producer license date. The requirement goes into effect Dec. 31, 2011.

Also, as of Jan. 1, 2012, all surplus lines licenses will be renewed for a two-year period at a cost of $120.

Tennessee Department of Commerce and Insurance spokesperson Shannon Ashford said agents supported the law change. “At the request of industry representatives, we changed that licensure to biennial to coincide with the renewal of their producer’s license,” said Ashford.