Tennessee § 56-13-205 Participation in a protected cell captive insurance company

Tennessee Statutes

§ 56-13-205 — Participation in a protected cell captive insurance company

Tennessee § 56-13-205

Title56

This text of Tennessee § 56-13-205 (Participation in a protected cell captive insurance company) 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. § 56-13-205 (2026).

Text

(a)Associations, corporations, limited liability companies, partnerships, trusts, and other business entities may be participants in any protected cell captive insurance company formed or licensed under this chapter.

(b)A sponsor may be a participant in a protected cell captive insurance company.

(c)A participant need not be a shareholder of the protected cell captive insurance company or any affiliate thereof.

(d)A participant shall insure only its own risks through a protected cell captive insurance company, unless otherwise approved by the commissioner.

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(a) Associations, corporations, limited liability companies, partnerships, trusts, and other business entities may be participants in any protected cell captive insurance company formed or licensed under this chapter. (b) A sponsor may be a participant in a protected cell captive insurance company. (c) A participant need not be a shareholder of the protected cell captive insurance company or any affiliate thereof. (d) A participant shall insure only its own risks through a protected cell captive insurance company, unless otherwise approved by the commissioner.