45-13-108 - Filing of written report with commissioner Events impacting activities of licensee. - Tennessee Statutes

45-13-108. Filing of written report with commissioner Events impacting activities of licensee.

Within fifteen (15) days of the occurrence of any one (1) of the following events, a licensee shall file a written report with the commissioner describing the event and its expected impact on the activities of the licensee in this state:

     (1)  The filing for bankruptcy or reorganization by the licensee;

     (2)  The institution of revocation or suspension proceedings against the licensee by any state or governmental authority;

     (3)  The denial of the opportunity to engage in business by any state or governmental authority;

     (4)  Any felony indictment of the licensee or any of its officers, directors or principals;

     (5)  Any felony conviction of the licensee or any of its officers, directors or principals; and

     (6)  Other events that the commissioner may determine and identify by rule.

[Acts 2009, ch. 499, § 8.]