Tennessee law requires that all active individual real estate licensees carry and maintain uninterrupted errors and omissions (E&O) insurance to cover all licensed activities. If you are enrolled in TREC's current group policy, your insurance expires January 1, 2025. Tennessee law requires principal brokers to adequately supervise all their firm's affiliate licensees. Principal brokers who fail to ensure their affiliate brokers maintain E&O insurance will be disciplined with a civil penalty up to One Thousand Dollars ($1,000.00) per uninsured affiliate broker.

Rice Insurance Service Center (RISC) was selected to be the state provider of E&O insurance for Tennessee Real Estate Commission licensees. The term will be eighteen (18) months for One Hundred Sixty-Five Dollars ($165.00).  The 2026 policy will return to the 24-month policy with the effective dates of July 1, 2026, to July 1, 2028. RISC can provide optional coverage for appraisal activity of real estate brokers or affiliate brokers who are also licensed real estate appraisers and shall collect from such dual licensees who choose such coverage an additional premium for appraisal coverage.

Licensees may purchase insurance outside the group program, provided coverage meets state requirements and proof of coverage is provided to TREC as required by state law.

Enroll Online - Quick and Easy at www.risceo.com