Tennessee Statutes
§ 4-28-107 — Restrictions on insurance companies and their affiliates
Tennessee·Title 4
An insurance company or affiliate of an insurance company shall not, directly or indirectly:
(1)Beneficially own, whether through rights, options, convertible interest or otherwise, fifteen percent (15%) or more of the voting securities or other voting ownership interest of a TNInvestco;
(2)Manage a TNInvestco, other than exercising remedies for default; or (3) Control the direction of investments for a TNInvestco.
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Legislative History
Acts 2009, ch. 610, § 8.
Nearby Sections
15
§ 4-1-102
Protection of territory§ 4-1-105
Retrocession of federal jurisdiction§ 4-1-201
Grand divisions§ 4-1-202
Eastern grand division§ 4-1-203
Middle grand division§ 4-1-204
Western grand division§ 4-1-205
State capital§ 4-1-301
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