Tennessee Statutes
§ 56-13-205 — Participation in a protected cell captive insurance company
Tennessee·Title 56
(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.
Free access — add to your briefcase to read the full text and ask questions with AI
Tennessee § 56-13-205 (Participation in a protected cell captive insurance company) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by 2013 Tenn. Acts, ch. 139,Secs.s13, s14 eff. 4/12/2013. Acts 2011, ch. 468, § 1.
Nearby Sections
15
§ 56-1-1001
Definitions§ 56-1-1002
Electronic opt-out provisions§ 56-1-101
Short title§ 56-1-111
Chronic weight management task force§ 56-1-202
Commissioner head of department