Tennessee Statutes
§ 56-1-415 — Issuance of policies by domestic life insurance companies forbidden when assets are insufficient
Tennessee § 56-1-415
JurisdictionTennessee
Title56
This text of Tennessee § 56-1-415 (Issuance of policies by domestic life insurance companies forbidden when assets are insufficient) 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. § 56-1-415 (2026).
Text
When the actual funds of a domestic life insurance company, exclusive of its capital, are not of a net cash value equal to its liabilities, including the net value of its policies, computed by the rule of valuation established by part 9 of this chapter, the commissioner shall notify the company and its agents to issue no new policies until its funds become equal to its liabilities.
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Legislative History
Amended by 2013 Tenn. Acts, ch. 260,s 2, eff. 7/1/2013. Acts 1895, ch. 160, § 7; Shan., § 3287; Code 1932, § 6102; T.C.A. (orig. ed.), § 56-127.
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Commissioner head of departmentCite This Page — Counsel Stack
Bluebook (online)
Tennessee § 56-1-415, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/56-1-415.