# Tenn. Code Ann. § 56-49-109: Refund of unearned premiums and charges

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C49_S56-49-109

## Section

- **Citation:** Tenn. Code Ann. § 56-49-109
- **Heading:** Refund of unearned premiums and charges
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 56 / Chapter 49 / Section 56-49-109

## Text

(a) Within sixty (60) calendar days after the termination of creditor-placed insurance coverage, and in accordance with the formulas approved by the commissioner, an insurer shall refund any unearned premium or other identifiable charges. (b) Within sixty (60) calendar days after the termination date of creditor-placed insurance coverage, the insurer shall provide to the debtor a statement of refund disclosing the effective date, the termination date, the amount of premium being refunded and the amount of premium charged for the coverage provided. No statement shall be required in the event that the policy terminates pursuant to § 56-49-104(b)(4) . (c) The entire amount of premiums, minimum premiums, fees or charges of any kind shall be refunded if no coverage was provided. Acts 1999, ch. 144, § 9.
(a) Within sixty (60) calendar days after the termination of creditor-placed insurance coverage, and in accordance with the formulas approved by the commissioner, an insurer shall refund any unearned premium or other identifiable charges.
(b) Within sixty (60) calendar days after the termination date of creditor-placed insurance coverage, the insurer shall provide to the debtor a statement of refund disclosing the effective date, the termination date, the amount of premium being refunded and the amount of premium charged for the coverage provided. No statement shall be required in the event that the policy terminates pursuant to § 56-49-104(b)(4) .
(c) The entire amount of premiums, minimum premiums, fees or charges of any kind shall be refunded if no coverage was provided.
Acts 1999, ch. 144, § 9.

## Nearby sections

- [Tenn. Code Ann. § 56-49-101 Short title - Purpose](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C49_S56-49-101.md)
- [Tenn. Code Ann. § 56-49-102 Applicability - Enforcement](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C49_S56-49-102.md)
- [Tenn. Code Ann. § 56-49-103 Chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C49_S56-49-103.md)
- [Tenn. Code Ann. § 56-49-104 Effective dates of insurance - Insurance charges](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C49_S56-49-104.md)
- [Tenn. Code Ann. § 56-49-105 Premium rates](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C49_S56-49-105.md)
- [Tenn. Code Ann. § 56-49-106 Exclusion from coverage](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C49_S56-49-106.md)
- [Tenn. Code Ann. § 56-49-107 Policy delivery to debtor](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C49_S56-49-107.md)
- [Tenn. Code Ann. § 56-49-108 Commissioner approval of forms and rates](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C49_S56-49-108.md)
- [Tenn. Code Ann. § 56-49-109 Refund of unearned premiums and charges](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C49_S56-49-109.md)
- [Tenn. Code Ann. § 56-49-110 Payment in event of loss](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C49_S56-49-110.md)
- [Tenn. Code Ann. § 56-49-111 Creditor right to require insurance](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C49_S56-49-111.md)
- [Tenn. Code Ann. § 56-49-112 Premium remittance - Commissions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C49_S56-49-112.md)
- [Tenn. Code Ann. § 56-49-113 Disclosure of insurance requirement](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C49_S56-49-113.md)
- [Tenn. Code Ann. § 56-49-114 Investigations - Hearings and proceedings - Penalties for violations](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C49_S56-49-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C49_S56-49-109. Check the current official text before relying on it. Not legal advice.