Tennessee § 56-2-607 Defense by insurer - Bond or certificate of authority

Tennessee Statutes

§ 56-2-607 — Defense by insurer - Bond or certificate of authority

Tennessee § 56-2-607

Title56

This text of Tennessee § 56-2-607 (Defense by insurer - Bond or certificate of authority) 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. § 56-2-607 (2026).

Text

Before any unauthorized foreign or alien insurer files or causes to be filed any pleading in any action, suit or proceeding instituted against it, the unauthorized insurer shall:

(1)Deposit with the clerk of the court in which the action, suit or proceeding is pending cash or securities or file with the clerk a bond with good and sufficient sureties, to be approved by the court, in an amount to be fixed by the court sufficient to secure the payment of any final judgment that may be rendered in the action; or (2) Procure a certificate of authority to transact the business of insurance in this state.

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Before any unauthorized foreign or alien insurer files or causes to be filed any pleading in any action, suit or proceeding instituted against it, the unauthorized insurer shall: (1) Deposit with the clerk of the court in which the action, suit or proceeding is pending cash or securities or file with the clerk a bond with good and sufficient sureties, to be approved by the court, in an amount to be fixed by the court sufficient to secure the payment of any final judgment that may be rendered in the action; or (2) Procure a certificate of authority to transact the business of insurance in this state.