Insurance Companies, Agents, Brokers, Policies – As enacted, clarifies that payments of fees to a trade or professional association exempt from income tax under § 501(c) of the Internal Revenue Code do not constitute an unfair trade practice in the business of insurance. – Amends TCA Title 56, Chapter 8. Under present law, it is generally an unfair trade practice in the business of insurance for a person to pay or allow, or give or offer to pay, allow, or give, directly or indirectly, as inducement to the policy, any rebate of premiums payable on the policy, or any special favor or advantage in the dividends or other benefits thereon, or any valuable consideration or inducement whatever not specified in the policy. This bill specifies that the prohibition against rebates in present law does not prohibit the payment of a fee to a trade or professional association that is exempt from federal income tax under Section 501(c) of the Internal Revenue Code.