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TENNESSEE STATUTES AND CODES
56-3-801 - Voluntary deposit of securities for protection of state policyholders and creditors.
56-3-801. Voluntary deposit of securities for protection of state policyholders and creditors.
Any insurance company may deposit and maintain on deposit with the state treasurer, securities as defined in § 56-3-303(a)(1)-(4), (7) and (8), to be held for the exclusive protection of its policyholders and creditors in this state; provided, that the deposit shall not exceed one hundred percent (100%) of that portion of the insurance company's reserves as is fairly allocable to insurance on risks located in this state.
[Acts 1973, ch. 104, § 1; T.C.A., § 56-355.]
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