Tennessee § 56-1-918 Single state exemption

Tennessee Statutes

§ 56-1-918 — Single state exemption

Tennessee § 56-1-918

Title56

This text of Tennessee § 56-1-918 (Single state exemption) 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. § 56-1-918 (2026).

Text

(a)The commissioner may exempt specific product forms or product lines of a domestic company that is licensed and doing business only in this state from § 56-1-914 ; provided, that:

(1)The commissioner has issued an exemption in writing to the company and has not subsequently revoked the exemption in writing; and (2) The company computes reserves using assumptions and methods used prior to the operative date of the valuation manual in addition to any requirements established by the commissioner and promulgated by regulation.

(b)For any company granted an exemption under this section, §§ 56-1-903 - 56-1-913 shall be applicable. With respect to any company applying this exemption, any reference to § 56-1-914 found in §§ 56-1-903 - 56-1-913 shall not be applicable.

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(a) The commissioner may exempt specific product forms or product lines of a domestic company that is licensed and doing business only in this state from § 56-1-914 ; provided, that: (1) The commissioner has issued an exemption in writing to the company and has not subsequently revoked the exemption in writing; and (2) The company computes reserves using assumptions and methods used prior to the operative date of the valuation manual in addition to any requirements established by the commissioner and promulgated by regulation. (b) For any company granted an exemption under this section, §§ 56-1-903 - 56-1-913 shall be applicable. With respect to any company applying this exemption, any reference to § 56-1-914 found in §§ 56-1-903 - 56-1-913 shall not be applicable.