There is a newer version of the Tennessee Code
2016 Tennessee Code
Title 56 - Insurance
Chapter 18 - Mutual Life Insurance Companies
§ 56-18-102. Minimum capital requirements.
TN Code § 56-18-102 (2016) What's This?
(a) A domestic mutual life insurance company operating under this chapter shall not receive an original or renewal certificate of authority from the commissioner to issue policies or contracts of insurance unless it possesses and maintains capital or surplus funds as required by ยง 56-2-114.
(b) Subsection (a) does not apply to any insurance company chartered prior to March 15, 1976.
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