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2024 Tennessee Code
Title 56 - INSURANCE (§§ 56-1-101 — 56-61-125)
Chapter 13 - REVISED TENNESSEE CAPTIVE INSURANCE ACT (§§ 56-13-101 — 56-13-418)
Part 2 - PROTECTED CELL CAPTIVE INSURANCE COMPANIES (§§ 56-13-201 — 56-13-209)
Section 56-13-205 - Participation in a protected cell captive insurance company
Universal Citation:
TN Code § 56-13-205 (2024)
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- (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.
Amended by 2013 Tenn. Acts, ch. 139,Secs.s13, s14 eff. 4/12/2013.
Acts 2011, ch. 468, § 1.
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