Special Purpose Financial Captives

  1. Law
  2. Tennessee Code
  3. Insurance
  4. Revised Tennessee Captive Insurance Act
  5. Special Purpose Financial Captives

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Section
56-13-401

Creation of Special Purpose Financial Captives

Section
56-13-402

Part Definitions

Section
56-13-403

Controlling Provisions When Conflict Exists — Exemptions

Section
56-13-404

Petition for Certificate of Authority — Transaction of Business — Application Requirements — Required Filings — Confidentiality of Information — Discoverability of Information — Examinations and Investigations — Rules and Regulations — Fees — Taxation — Requirements for Granting Certificate

Section
56-13-405

Organization of Spfc

Section
56-13-406

Minimum Capitalization

Section
56-13-407

Authorized Activities

Section
56-13-408

Making Insurance Securitizations More Efficient — Conditions for Establishing and Maintaining Spfc

Section
56-13-409

Protected Cell Not a Separate Legal Person — Naming of Protected Cell — Contacting — Creditors — Use of Assets — Security Interests — Administrative and Accounting Procedures — Contracts and Documentation — Annual Statements — Insolvency

Section
56-13-410

Issuing Securities

Section
56-13-411

Asset Management Agreements

Section
56-13-412

Reinsurance

Section
56-13-413

No Securities Considered to Be Insurance or Reinsurance Contracts

Section
56-13-414

Preservation and Administration of Assets — Disclosures — Restrictions on Investments

Section
56-13-415

Dividends

Section
56-13-416

Approval Required for Material Changes in Plan of Operation

Section
56-13-417

Cessation of Business

Section
56-13-418

Applicability of Insolvency Provisions