Tennessee Code 56-45-113 – Federal district courts – Orders enforceable in this state
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Tennessee Code 56-45-113
- Insurance: means primary insurance, excess insurance, reinsurance, surplus lines insurance and any other arrangement for shifting and distributing risk that is determined to be insurance under the laws of this state. See Tennessee Code 56-45-102
- Risk retention group: means any corporation or other limited liability association:
(A) Whose primary activity consists of assuming and spreading all, or any portion, of the liability exposure of its group members. See Tennessee Code 56-45-102 - State: means any state of the United States or the District of Columbia. See Tennessee Code 56-45-102
- United States: includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
An order issued by any district court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating in any state, or in all states or in any territory or possession of the United States, upon a finding that the risk retention group is in hazardous financial or financially impaired condition, is enforceable in the courts of this state.