9-4-202 - Separate account, collateral, and bond. - Tennessee Statutes

9-4-202. Separate account, collateral, and bond.

(a)  Notwithstanding any provision of law or regulation to the contrary, any reference to a separate account in state law is deemed to mean a separate account within the state's accounting system and shall not require establishment of a separate account in a state depository.

(b)  Any reference to separate collateral shall be satisfied if sufficient total collateral is maintained in accordance with the provisions of parts 1-4 of this chapter.

(c)  Any reference to separate bond shall be satisfied through coverage of the state treasurer by the state's blanket surety bond pursuant to § 4-4-108.

[Acts 1985, ch. 118, § 22.]