When the commissioner or the commissioner's deputy deems it prudent for the protection of policyholders in this state, the commissioner shall in like manner, visit and examine, or cause to be visited and examined by some competent person or persons the commissioner may appoint for that purpose, any foreign insurance company applying for admission to do business in this state.
In lieu of an examination under this section of any foreign or alien insurer licensed in this state, the commissioner may accept an examination report on the company as prepared by the department of insurance for the company's state of domicile or port-of-entry state until January 1, 1994. Thereafter, these reports may only be accepted if:
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