Tenn. Code Ann. § 56-13-113

Membership in rating organizations — Exemption from compulsory associations

Known as the Revised Tennessee Captive Insurance Act

The act spans §§ 56-13-101 to 56-13-418 (59 sections).

Acts 2011, ch. 468, § 1.

(1) No captive insurance company shall be required to join a rating organization.

(2) No captive insurance company shall be permitted to join or contribute financially to any plan, pool, association, or guaranty or insolvency fund in this state, nor shall any such captive insurance company, or any insured or affiliate thereof, receive any benefit from any such plan, pool, association, or guaranty or insolvency fund for claims arising out of the operations of such captive insurance company.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.