Insurance companies offering only surety insurance
Known as the Tennessee Insurance Law
The act spans §§ 56–56 (1,220 sections).
Acts 1988, ch. 948, § 2; T.C.A. § 56-6-205.
(1) In addition to other powers permitted to banks by title 45, a state bank may own, operate or manage an insurance company offering only surety insurance, as defined in § 56-2-201(6)(E).
(2) An insurance company owned by a bank shall comply with all Tennessee law applicable to insurance companies and shall be regulated by the commissioner of commerce and insurance.
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.