Tennessee § 56-10-201 Part definitions

Tennessee Statutes

§ 56-10-201 — Part definitions

Tennessee § 56-10-201

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This text of Tennessee § 56-10-201 (Part definitions) 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. § 56-10-201 (2026).

Text

As used in this part, unless the context otherwise requires:

(1)"Commissioner" means the commissioner of commerce and insurance;

(2)"Control" means actual working control, in whatever manner exercised. If, as a result of the consummation of any acquisition, any person would own in excess of ten percent (10%) of the voting security of a domestic insurer, it shall be presumed that the person could, directly or indirectly, acquire control of the insurer. Any such presumption may be rebutted by evidence, at a hearing called by the commissioner at the request of the person against whom the presumption operates, but the presumption shall continue until a determination to the contrary is made;

(3)"Domestic insurance company" means:

(A)An insurance company incorporated under the laws of this s

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As used in this part, unless the context otherwise requires: (1) "Commissioner" means the commissioner of commerce and insurance; (2) "Control" means actual working control, in whatever manner exercised. If, as a result of the consummation of any acquisition, any person would own in excess of ten percent (10%) of the voting security of a domestic insurer, it shall be presumed that the person could, directly or indirectly, acquire control of the insurer. Any such presumption may be rebutted by evidence, at a hearing called by the commissioner at the request of the person against whom the presumption operates, but the presumption shall continue until a determination to the contrary is made; (3) "Domestic insurance company" means: (A) An insurance company incorporated under the laws of this state; (B) An insurance company having its principal office or place of business in this state; or (C) An "insurance holding company system," as defined in § 56-11-101 , having its principal office or place of business in this state or that controls an insurance company incorporated under the laws of this state; and (4) (A) A corporation shall be deemed a "person"; and (B) When two (2) or more persons act as a partnership, limited partnership, syndicate, or other group for the purposes of acquiring securities of the insurer, the group shall be deemed a "person," and the information called for by § 56-10-202(a)(1)-(5) shall be given with respect to each member of the group.