Tennessee § 56-13-301 Establishment of branch captive insurance companies

Tennessee Statutes

§ 56-13-301 — Establishment of branch captive insurance companies

Tennessee § 56-13-301

Title56

This text of Tennessee § 56-13-301 (Establishment of branch captive insurance companies) 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. § 56-13-301 (2026).

Text

(a)A branch captive insurance company may be established in this state, in accordance with this chapter, to write in this state any insurance or reinsurance of the employee benefit business of its parent and affiliated companies that is subject to the Employee Retirement Income Security Act of 1974, as amended, or any insurance or reinsurance permitted to be written by captive insurance companies pursuant to this chapter. In addition to any applicable provisions of this chapter, this part shall apply to branch captive insurance companies.

(b)No branch captive insurance company shall do any insurance business in this state unless it maintains the principal place of business for its branch operations in this state.

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(a) A branch captive insurance company may be established in this state, in accordance with this chapter, to write in this state any insurance or reinsurance of the employee benefit business of its parent and affiliated companies that is subject to the Employee Retirement Income Security Act of 1974, as amended, or any insurance or reinsurance permitted to be written by captive insurance companies pursuant to this chapter. In addition to any applicable provisions of this chapter, this part shall apply to branch captive insurance companies. (b) No branch captive insurance company shall do any insurance business in this state unless it maintains the principal place of business for its branch operations in this state.