There Is a Newer Version
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this Part
2019 Tennessee Code
Title 56 - Insurance
Chapter 13 - Revised Tennessee Captive Insurance Act
Part 4 - Special Purpose Financial Captives
- § 56-13-401. Creation of special purpose financial captives.
- § 56-13-402. Part definitions.
- § 56-13-403. Controlling provisions when conflict exists -- Exemptions.
- § 56-13-404. Petition for certificate of authority -- Transaction of business -- Application requirements -- Required filings -- Confidentiality of information -- Discoverability of information -- Examinations and investigations -- Rules and regulations -- Fees -- Taxation -- Requirements for granting certificate.
- § 56-13-405. Organization of SPFC.
- § 56-13-406. Minimum capitalization.
- § 56-13-407. Authorized activities.
- § 56-13-408. Making insurance securitizations more efficient -- Conditions for establishing and maintaining SPFC.
- § 56-13-409. Protected cell not a separate legal person -- Naming of protected cell -- Contacting -- Creditors -- Use of assets -- Security interests -- Administrative and accounting procedures -- Contracts and documentation -- Annual statements -- Insolvency.
- § 56-13-410. Issuing securities.
- § 56-13-411. Asset management agreements.
- § 56-13-412. Reinsurance.
- § 56-13-413. No securities considered to be insurance or reinsurance contracts.
- § 56-13-414. Preservation and administration of assets -- Disclosures -- Restrictions on investments.
- § 56-13-415. Dividends.
- § 56-13-416. Approval required for material changes in plan of operation.
- § 56-13-417. Cessation of business.
- § 56-13-418. Applicability of insolvency provisions.
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