2021 Tennessee Code
Title 56 - Insurance
Chapter 13 - Revised Tennessee Captive Insurance Act

Part 1 - General Provisions

§ 56-13-102. Chapter Definitions - As used in this chapter, unless the context requires otherwise:

§ 56-13-106. Restrictions on Dividends on or Distributions From Capital or Surplus - No captive insurance company shall pay a dividend out of,...

§ 56-13-115. Adoption and Amendment of Rules by Commissioner - The commissioner may adopt and, from time to time, amend...

§ 56-13-116. Applicable Provisions - No provisions of this title, other than those contained in...

§ 56-13-117. Establishment of Standards Regarding Risk Management - The commissioner may adopt rules establishing standards to ensure that...

§ 56-13-119. Authority for Expenditure of Public Funds - Any municipality, metropolitan government, county, authority, utility district, or other...

§ 56-13-121. Rules and Regulations - The commissioner is authorized to promulgate rules and regulations necessary...

Part 2 - Protected Cell Captive Insurance Companies

§ 56-13-202. Part Definitions - As used in this part, unless the context requires otherwise:

§ 56-13-203. Required Filings - In addition to the information required by § 56-13-103(c)(1), each...

§ 56-13-204. Conditions for Formation or Licensure - A protected cell captive insurance company formed or licensed under...

§ 56-13-206. Combining Assets - Notwithstanding § 56-13-204, the assets of two (2) or more...

Part 3 - Branch Captive Insurance Companies

§ 56-13-302. Part Definitions - As used in this part, unless the context requires otherwise:

§ 56-13-304. Petition for Certificate of Authority - In the case of a captive insurance company seeking to...

§ 56-13-305. Filing of Reports and Statements - Prior to March 1 of each year, or with the...

§ 56-13-307. Taxation - In the case of a branch captive insurance company, the...

Part 4 - Special Purpose Financial Captives

§ 56-13-401. Creation of Special Purpose Financial Captives - This part provides for the creation of “special purpose financial...

§ 56-13-402. Part Definitions - For purposes of this part: “Insolvency” or “insolvent” means that...

§ 56-13-411. Asset Management Agreements - An SPFC may enter into swap agreements, or other forms...

§ 56-13-413. No Securities Considered to Be Insurance or Reinsurance Contracts - No securities issued by an SPFC pursuant to an insurance...

§ 56-13-417. Cessation of Business - At the cessation of business of an SPFC following termination...