The investable funds generated through the transaction of the business of legal insurance by persons who are not licensed to transact other lines of insurance shall be invested in securities or other investments permitted by the laws of this state for the investment of assets of life insurance.
Tenn. Code Ann. § 56-43-110
Investments
Known as the Tennessee Legal Insurance Act
The act spans §§ 56-43-101 to 56-43-118 (18 sections).
Acts 1989, ch. 423, § 9.
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.