Tennessee Department of Commerce and Insurance (TDCI) News

New Tennessee Law Aims to Further Enhance State’s Captive Industry

Tennessee is praising captive insurance legislation signed by the governor on May 12, saying it is expected to “maintain and further enhance Tennessee’s place amongst the most attractive states to locate a captive insurance company,” according to a statement from …

Tennessee Insurance Producer Fined $400K for Misappropriation of Client Premiums

The Tennessee Department of Commerce and Insurance (TDCI) has taken disciplinary action against Carey R. Carroll, Jr., a Knoxville-based former Tennessee insurance producer who was found to have violated multiple provisions of Tennessee law resulting in a $400,000 penalty and …

3 Tennessee Agents Face Disciplinary Actions, $680K in Fines by TDCI

The Tennessee Department of Commerce and Insurance (TDCI) announced disciplinary actions taken against three former Tennessee agents for misappropriation, failure to report administrative actions, and felony convictions involving fraud. The punishments were the result of months of work by TDCI’s …