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Part 1 - General Provisions
§ 56-1-101. Short Title - This title shall be known and may be cited as...
§ 56-1-102. Definitions for This Chapter, Chapters 2 4, 7, 10 and 11 of This Title - As used in this chapter and Chapters 2 4, 7,...
§ 56-1-107. Authority to Query the Tbi's Criminal History Records System - Notwithstanding any other law to the contrary, in conjunction with...
Part 2 - Organization and Personnel
§ 56-1-201. Creation of Department of Commerce and Insurance - There is created a department of commerce and insurance, whose...
§ 56-1-202. Commissioner Head of Department - The commissioner shall be and act as the head of...
§ 56-1-203. Commissioner Not to Be Financially Interested in Insurance Corporations - The commissioner shall not be financially interested, directly or indirectly,...
§ 56-1-204. Inquisitorial Power Given Commissioner and Deputies - Inquisitorial power is given to the commissioner or the commissioner's...
§ 56-1-205. Traveling Expenses of Commissioner - The commissioner is entitled to, and shall be paid, all...
§ 56-1-209. Payment of Expenses of Department — Record of Receipts and Expenditures — Excess Fees - The commissioner shall pay out of the fees of the...
§ 56-1-213. Fee to Cover Costs of Issuing or Renewing Licenses, Registrations and Permits - The commissioner is authorized to promulgate, by rule, a convenience...
Part 3 - Division of Regulatory Boards
§ 56-1-301. Director for Division of Regulatory Boards - The commissioner shall employ a director for the division of...
§ 56-1-303. Consultations With Boards — Conclusiveness of Director's Decisions - In providing the administrative functions required under §§ 56-1-301, 56-1-302...
§ 56-1-305. Bond of Director and Assistants - The director, and any assistants designated by the commissioner, shall...
§ 56-1-306. Personnel - Any employment of personnel by the director for the division...
§ 56-1-309. Expenditure Estimates — Improvement Recommendations - Before submitting an estimate of its expenditure requirements as provided...
Part 4 - Financial Valuations and Examination of Companies
§ 56-1-401. Examination of Companies by Commissioner Before Granting of Certificate to Do Business - Before granting certificates of authority to an insurance company to...
§ 56-1-404. Determination of Liability Upon Contracts of Insurance on Policies Other Than Life for Reinsurance - To determine the liability upon the contracts of insurance for...
§ 56-1-405. Assets Allowable as Credits in Account of Financial Condition - The commissioner shall allow to the credit of an insurance...
§ 56-1-406. Commissioner Is Custodian of Collateral Deposited - The commissioner shall be the custodian of all collateral in...
§ 56-1-408. Examination of Insurance Companies — Frequency - As often as once in five (5) years, the commissioner...
§ 56-1-410. Examination of Foreign Companies - When the commissioner or the commissioner's deputy deems it prudent...
§ 56-1-412. Failure to Testify Before Commissioner — Obstruction of Examination — Penalty - Whoever, without justifiable cause, neglects, upon due summons, to appear...
§ 56-1-414. Impairment of Capital Stock of Domestic Insurance Company - When it appears to the commissioner that the capital stock...
§ 56-1-415. Issuance of Policies by Domestic Life Insurance Companies Forbidden When Assets Are Insufficient - When the actual funds of a domestic life insurance company,...
§ 56-1-417. Notice Required for Revocation or Suspension of Certificate of Authority - Unless the ground for revocation or suspension relates only to...
§ 56-1-418. Calculation of Disability Benefit Reserves - The commissioner shall annually cause to be made, or require...
Part 5 - Annual Statements
§ 56-1-502. Forfeiture for Failure to File Statement — Suspension of Authority to Do New Business - Any insurance company that neglects to make and file its...
Part 6 - Records and Documents
§ 56-1-603. Seal of Department - The commissioner, with the approval of the governor, shall devise...
§ 56-1-604. Documents to Be Recorded by Commissioner or the Commissioner's Chief Deputy — Certified Copies of Records to Be Evidence - Every certificate, assignment, or conveyance executed by the commissioner or...
Part 8 - Penalties
§ 56-1-801. Violation of Insurance Laws — General Penalty - A violation of this chapter and Chapters 2 4, 7,...
Part 9 - Standard Valuation Law
§ 56-1-904. Computation of Minimum Standard - Except as provided in §§ 56-1-905, 56-1-906 and 56-1-913, the...
§ 56-1-906. Calendar Year Statutory Valuation Interest Rates - (Click here to view Equation) (Click here to view Equation)...
§ 56-1-912. Reserve Calculation — Indeterminate Premium Plans - In the case of a plan of life insurance that...
§ 56-1-914. Valuation Manual for Policies Issued on or After the Operative Date of the Valuation Manual - For policies not subject to a principle-based valuation under §...
§ 56-1-916. Experience Reporting for Policies in Force on or After the Operative Date of the Valuation Manual - A company shall submit mortality, morbidity, policyholder behavior, or expense...
§ 56-1-919. Conflicts With Other Laws — Applicability Date - To the extent that this part conflicts with or is...