Is errors and omissions insurance required for inactive or retired licenses in Tennessee?

In Tennessee, errors and omissions insurance is not required for inactive or retired licenses. This insurance is generally a safeguard for active practitioners to protect themselves from potential legal liabilities arising from their professional services. For individuals who are no longer actively engaging in business or holding a current license, the need for this type of insurance diminishes significantly.

Active license holders are typically required to maintain errors and omissions insurance to ensure consumer protection and maintain professional standards while practicing. This coverage is not a concern for those who have transitioned to an inactive or retired status since they are not actively providing services that could lead to such liabilities. Thus, the answer accurately reflects the regulatory requirements concerning inactive or retired licenses in Tennessee.