Tennessee Code 56-9-405 – Institution of proceedings by commissioner upon request from officials of other states
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 56-9-405
- Commissioner: means the commissioner of commerce and insurance. See Tennessee Code 56-9-103
- Domiciliary state: means the state in which an insurer is incorporated or organized, or, in the case of an alien insurer, its state of entry. See Tennessee Code 56-9-103
- Foreign: when used without limitation, includes all companies formed by authority of any other state or government. See Tennessee Code 56-1-102
- Insurer: means any person who has done, purports to do, is doing or is licensed to do an insurance business, and is or has been subject to the authority of, or to liquidation, rehabilitation, reorganization, supervision, or conservation by, any insurance commissioner. See Tennessee Code 56-9-103
- Property: includes both personal and real property. See Tennessee Code 1-3-105
- State: means any state, district or territory of the United States and the Panama Canal Zone. See Tennessee Code 56-9-103
The commissioner, in the commissioner’s sole discretion, may institute proceedings under §§ 56-9-201 and 56-9-202, at the request of the commissioner or other appropriate insurance official of the domiciliary state of any foreign or alien insurer having property located in this state.