If the company neglects or refuses to pay any final judgment or decree rendered against it upon the recognizance, stipulation, bond or undertaking made or guaranteed by it under this chapter, from which no appeal, writ of error or supersedeas has been taken for thirty (30) days after the rendition of the judgment or decree, it shall forfeit all right to do business in this state.
Tenn. Code Ann. § 56-15-114
Forfeiture of license for nonpayment of judgment
Known as the Tennessee Insurance Law
The act spans §§ 56-10-101–56-8-206 (1,220 sections).
Acts 1895, ch. 175, § 6; Shan., § 2219; mod
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.