Tennessee Code 56-15-106 – Commissioner is custodian of securities deposited by bonding companies
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Terms Used In Tennessee Code 56-15-106
- Commissioner: means the commissioner of commerce and insurance. See Tennessee Code 56-1-102
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
The commissioner is the custodian of all funds and securities deposited with this state for the benefit of policyholders, or for other purposes, by insurance companies writing a fidelity, bonding, or surety business in this state.