2010 Tennessee Code
Title 56 - Insurance
Chapter 13 - Tennessee Captive Insurance Company Act
56-13-133 - Independent annual audits of statutory financial statements.
56-13-133. Independent annual audits of statutory financial statements.
Any other law or regulation to the contrary notwithstanding, an association captive insurance company, all of whose insureds operate municipal or cooperative electric systems, shall not be required to have performed an audit of its annual statutory financial statements by an independent certified public accountant, unless, within ninety (90) days before the close of the fiscal year of the association captive insurance company, a majority of the association members who are insured, directly or indirectly, by it request an audit.
[Acts 1992, ch. 790, § 1.]
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