Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-41 - Tennessee Captive Insurance Companies
Section 0780-01-41-.05 - ORGANIZATIONAL EXAMINATION
Universal Citation: TN Comp Rules and Regs 0780-01-41-.05
Current through September 24, 2024
In addition to the processing of the application, an organizational examination shall be performed before an applicant is licensed. Such examination shall consist of a general survey of the company's corporate records, including charter, bylaws and minute books; verification of capital and surplus; verification of principal place of business; determination of assets and liabilities; and a review of such other factors as the commissioner deems necessary.
Authority: 2011 Public Acts, Chapter 468, T.C.A. §§ 56-1-401, 56-13-101 through 56-13-418, 56-13-103, 56-13-108, 56-13-115, and 56-13-121.
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