Tennessee § 45-2-214 Time for approval or denial of application - Conditions for approval

Tennessee Statutes

§ 45-2-214 — Time for approval or denial of application - Conditions for approval

Tennessee § 45-2-214

Title45

This text of Tennessee § 45-2-214 (Time for approval or denial of application - Conditions for approval) 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. § 45-2-214 (2026).

Text

The commissioner shall approve or deny the application for a certificate of authority within thirty (30) days after the application has been filed. The commissioner shall approve the application if:

(1)The capital and surplus have been fully paid in cash;

(2)Appropriate bylaws have been adopted;

(3)Any conditions imposed by the commissioner in granting the charter have been fulfilled;

(4)The requirements of this chapter and chapter 1 of this title have been satisfied; and (5) An amount of fidelity bond coverages satisfactory to the commissioner is in force.

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The commissioner shall approve or deny the application for a certificate of authority within thirty (30) days after the application has been filed. The commissioner shall approve the application if: (1) The capital and surplus have been fully paid in cash; (2) Appropriate bylaws have been adopted; (3) Any conditions imposed by the commissioner in granting the charter have been fulfilled; (4) The requirements of this chapter and chapter 1 of this title have been satisfied; and (5) An amount of fidelity bond coverages satisfactory to the commissioner is in force.