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-.09 - CONFLICT OF INTEREST

Universal Citation: TN Comp Rules and Regs 0780-01-41-.09

Current through September 24, 2024

(1) Each company chartered in this state is required to adopt a conflict of interest statement for officers, directors, managers, and key employees. Such statement shall disclose that the individual has no outside commitments, personal or otherwise, that would divert the individual from their duty to further the interests of the company they represent but this shall not preclude such person from being a director or officer in more than one insurance company.

(2) Each officer, director, manager, and key employee shall file such disclosure with the Board of Directors yearly.

Authority: 2011 Public Acts, Chapter 468, T.C.A. §§ 56-13-101 through 56-13-418, 56-13-108, 56-13-115, and 56-13-121.

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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