Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-32 - Relating to Exchange- Traded Call Options
Section 0780-01-32-.05 - OTHER PURCHASES OF EXCHANGE-TRADED CALL OPTIONS
Universal Citation: TN Comp Rules and Regs 0780-01-32-.05
Current through September 24, 2024
Pursuant to and subject to the limitations of T.C.A. 56-306, any domestic insurance company can also purchase exchange-traded call options, on an exchange but not otherwise, in other than closing purchase transactions, covering shares of underlying stock in which it is authorized to invest its funds. Purchase of stock resulting from the exercise of any such options by any domestic insurance company shall comply with and be subject to the provisions of T. C.A. 56-3-302, 56-3303 and 56-3-304.
Authority: T.C.A. §§ 56-1-701, 56-3-302, 56-3-303, 56-3-304, 56-19-114, 56-21-104, 56-23-110, and 56-23-111.
Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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