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2019 Tennessee Code
Title 56 - Insurance
Chapter 13 - Revised Tennessee Captive Insurance Act
Part 2 - Protected Cell Captive Insurance Companies
§ 56-13-205. Participation in a protected cell captive insurance company.

Universal Citation:
TN Code § 56-13-205 (2019)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
  • (a) Associations, corporations, limited liability companies, partnerships, trusts, and other business entities may be participants in any protected cell captive insurance company formed or licensed under this chapter.

  • (b) A sponsor may be a participant in a protected cell captive insurance company.

  • (c) A participant need not be a shareholder of the protected cell captive insurance company or any affiliate thereof.

  • (d) A participant shall insure only its own risks through a protected cell captive insurance company, unless otherwise approved by the commissioner.

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