Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-13 - Proxies, Consents, and Authorizations of Domestic Stock Insurers
Section 0780-01-13-.01 - APPLICATION OF CHAPTER

Universal Citation: TN Comp Rules and Regs 0780-01-13-.01
Current through September 24, 2024

This chapter is applicable to each domestic stock insurer which has any class of equity security held of record by one hundred or more persons; provided, however, that this chapter shall not apply to any insurer if ninety-five percent or more of its equity securities are owned or controlled by a parent or an affiliated insurer and the remaining securities are held of record by less than five hundred persons. A domestic stock insurer which files with the Securities and Exchange Commission forms of proxies, consents and authorizations complying with the requirements of the Securities Exchange Act of 1934, as amended, and the applicable regulations promulgated thereunder, shall be exempt from the provisions of this regulation with respect to any class of securities subject to SEC jurisdiction.

Authority: T.C.A. § 56-3-708.

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