Whenever it appears to the commissioner that any person has committed a violation of this part that so impairs the financial condition of a domestic insurer or of a health maintenance organization as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, enrollees, providers, creditors, shareholders or the public, the commissioner may proceed as provided in chapter 9 of this title to take possession of the property of the domestic insurer or health maintenance organization and to conduct its business.
Structure 2021 Tennessee Code
Chapter 11 - Insurance Holding Companies and Risk Management
Part 1 - Insurance Holding Company System Act of 1986
§ 56-11-104. Acquisitions Resulting in Change in Control of Insurer
§ 56-11-109. Promulgation of Rules and Regulations
§ 56-11-112. Assumption of Control by Commissioner — Insolvency
§ 56-11-114. Suspension, Revocation or Refusal to Renew License
§ 56-11-115. Appeal of Commissioner's Action