No officer, director, or agent of an insurance company or association transacting an industrial insurance business in this state shall knowingly and willfully receive any premium or assessment on behalf of any industrial insurance company or association or fraternal organization, knowing at the time of receipt of the premium or assessment that the company or association is insolvent according to the laws of the state of the organization of the company, without giving notice to the person paying the premium or assessment.
Tenn. Code Ann. § 56-7-706
Premiums or assessments for industrial or fraternal insurance not to be received after insolvency
Known as the Tennessee Insurance Law
The act spans §§ 56–56 (1,220 sections).
Acts 1917, ch. 7, § 2; Shan., § 3369a151; Code 1932, § 6444; T.C.A
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.