Tennessee § 4-28-107 Restrictions on insurance companies and their affiliates

Tennessee Statutes

§ 4-28-107 — Restrictions on insurance companies and their affiliates

Tennessee § 4-28-107

Title4

This text of Tennessee § 4-28-107 (Restrictions on insurance companies and their affiliates) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 4-28-107 (2026).

Text

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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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.