When the actual funds of a domestic life insurance company, exclusive of its capital, are not of a net cash value equal to its liabilities, including the net value of its policies, computed by the rule of valuation established by part 9 of this chapter, the commissioner shall notify the company and its agents to issue no new policies until its funds become equal to its liabilities.
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