Forming a protective cell captive insurance company
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; 2013, ch. 139, § 3; 2015, ch. 156, § 13.
(1) One (1) or more sponsors may form a protected cell captive insurance company under this chapter. In addition to part 1 of this chapter, this part shall apply to protected cell captive insurance companies.
(2) A protected cell captive insurance company shall be incorporated as a stock insurer with its capital divided into shares and held by the stockholders, as a mutual corporation, as a nonprofit corporation with one (1) or more members, or as a limited liability 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.