56-2-503 - Commissioner as attorney for purpose of process. - Tennessee Statutes

56-2-503. Commissioner as attorney for purpose of process.

(a)  Any foreign or alien insurance company, before doing business in this state, as defined in § 56-2-502, shall appoint the commissioner its true and lawful attorney as required by § 56-2-103(a)(3).

(b)  If the company does business in this state, as defined in § 56-2-502, without having appointed the commissioner its true and lawful attorney, as required in this part, it shall, by doing business in this state, be deemed to have thereby appointed the commissioner its true and lawful attorney for the purposes set forth in this part.

(c)  The requirements of this section shall be in addition to, and not in derogation of, any other law.

[Acts 1947, ch. 119, §§ 3-5; C. Supp. 1950, § 6211.2 (Williams, §§ 6459.50-6459.52); modified; T.C.A. (orig. ed.), § 56-320; impl. am. Acts 1971, ch. 137, § 2; T.C.A. (orig. ed.), § 56-244.]