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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 4 - SPECIAL PURPOSE FINANCIAL CAPTIVES (§§ 56-13-401 — 56-13-418)
- Section 56-13-401 - Creation of special purpose financial captives
- Section 56-13-402 - Part definitions
- Section 56-13-403 - Controlling provisions when conflict exists - Exemptions
- Section 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
- Section 56-13-405 - Organization of SPFC
- Section 56-13-406 - Minimum capitalization
- Section 56-13-407 - Authorized activities
- Section 56-13-408 - Making insurance securitizations more efficient - Conditions for establishing and maintaining SPFC
- Section 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
- Section 56-13-410 - Issuing securities
- Section 56-13-411 - Asset management agreements
- Section 56-13-412 - Reinsurance
- Section 56-13-413 - No securities considered to be insurance or reinsurance contracts
- Section 56-13-414 - Preservation and administration of assets - Disclosures - Restrictions on investments
- Section 56-13-415 - Dividends
- Section 56-13-416 - Approval required for material changes in plan of operation
- Section 56-13-417 - Cessation of business
- Section 56-13-418 - Applicability of insolvency provisions
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