A nonprofit health maintenance organization that, with the approval of the commissioner, was created prior to January 1, 1981, by a corporation operated pursuant to chapter 28 or chapter 29 of this title may be treated by the corporation as a subsidiary solely for the purpose of determining the status of the nonprofit health maintenance organization as an admitted asset; provided, that the corporation otherwise has a net worth at least equal to the capital and surplus requirements for an insurance company under §§ 56-2-114(a) and 56-2-115.
Structure 2021 Tennessee Code
Chapter 2 - Insurance Companies
Part 1 - General Requirements for Doing Business
§ 56-2-101. Applicability to Foreign and Domestic Companies
§ 56-2-105. Certificate of Authority Required — Exceptions
§ 56-2-107. Acts of Unauthorized Insurers Constituting Doing Business in State
§ 56-2-109. No Action to Be Maintained Without Certificate of Authority
§ 56-2-111. Liability for Tax on Gross Premium
§ 56-2-115. Additional Surplus Requirement
§ 56-2-122. Nonprofit Health Maintenance Organization as Subsidiary of Certain Hospital Corporations
§ 56-2-123. Confirmation of Verbal Authorization for Medical Care