Nothing in this chapter precludes the commissioner from initiating judicial proceedings to place an insurer in conservation, rehabilitation or liquidation proceedings or other delinquency proceedings, however designated under the laws of this state, regardless of whether the commissioner has previously initiated administrative supervision proceedings under this chapter against the insurer.
Tenn. Code Ann. § 56-9-507
Commissioner — Power to institute judicial proceedings
Known as the Insurers Rehabilitation and Liquidation Act
The act spans §§ 56–56 (71 sections).
Acts 1991, ch. 142, § 4.
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.