56-1-701 - Rules and regulations affecting life, accident and health, credit life, credit accident and health insurance Hearing Notice.
56-1-701. Rules and regulations affecting life, accident and health, credit life, credit accident and health insurance Hearing Notice.
(a) The commissioner, whenever promulgating or amending rules and regulations relating to the business of life, accident and health, credit life and credit accident and health insurance, shall do so only after a hearing on the proposed rules and regulations or amendments of the rules and regulations, of which notice was given as prescribed by law.
(b) Except where a different period of notice is provided by other provisions of the insurance law relative to particular matters, the commissioner shall give at least thirty (30) days' notice of a hearing to consider the proposed rules and regulations or amendments of the rules and regulations.
(c) Notice shall be given by mail to all licensed domestic insurers dealing in those lines of insurance to be directly and immediately affected by the hearings and shall specify the time and place of the hearings.
(d) The proposed rule or regulation or amendment shall be set forth in or with the notice of hearing, and shall be held on file in the commissioner's office pending the hearing, during which time the commissioner shall promptly furnish copies of them to any person requesting them in writing.
(e) All interested parties attending the hearing in person or by counsel shall be given reasonable opportunity to present their views or arguments in writing or orally.
[Acts 1970, ch. 503, § 1; impl. am. Acts 1971, ch. 137, § 2; T.C.A., § 56-141.]