Tennessee Code 56-2-404 – Foreign government controlled company as public nuisance – Injunction
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Tennessee Code 56-2-404
- Commissioner: means the commissioner of commerce and insurance. See Tennessee Code 56-1-102
- Foreign: when used without limitation, includes all companies formed by authority of any other state or government. See Tennessee Code 56-1-102
- Representative: when applied to those who represent a decedent, includes executors and administrators, unless the context implies heirs and distributees. See Tennessee Code 1-3-105
- United States: includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
Any violation of §§ 56-2-401 – 56-2-403 and this section by an insurance company or other insurance entity that is financially owned or financially controlled by any alien or foreign government outside the continental limits of the United States or the territories of the United States, or by any representative or agent of the company or entity, is declared to be a public nuisance, and the commissioner is authorized and empowered to enjoin the nuisance by injunctive proceedings in the chancery court in like manner as is provided by the general statutes pertaining to enjoining nuisances.