The commissioner shall be the custodian of all collateral in the form of stock certificates, bonds, debentures, notes and other evidences of indebtedness deposited or pledged with the commissioner under any existing law, and it shall be the commissioner's official duty safely to keep, surrender and account for the collateral deposited as provided by law, and for the safekeeping of that collateral both the commissioner and the sureties on the commissioner's official bond are liable.
Structure 2021 Tennessee Code
Chapter 1 - Department of Commerce and Insurance
Part 4 - Financial Valuations and Examination of Companies
§ 56-1-401. Examination of Companies by Commissioner Before Granting of Certificate to Do Business
§ 56-1-405. Assets Allowable as Credits in Account of Financial Condition
§ 56-1-406. Commissioner Is Custodian of Collateral Deposited
§ 56-1-408. Examination of Insurance Companies — Frequency
§ 56-1-410. Examination of Foreign Companies
§ 56-1-412. Failure to Testify Before Commissioner — Obstruction of Examination — Penalty
§ 56-1-414. Impairment of Capital Stock of Domestic Insurance Company
§ 56-1-417. Notice Required for Revocation or Suspension of Certificate of Authority