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Tennessee Code Title 56. Insurance § 56-1-918

Current as of January 02, 2024 | Updated by FindLaw Staff

(a) The commissioner may exempt specific product forms or product lines of a domestic company that is licensed and doing business only in this state from § 56-1-914; provided, that:

(1) The commissioner has issued an exemption in writing to the company and has not subsequently revoked the exemption in writing; and

(2) The company computes reserves using assumptions and methods used prior to the operative date of the valuation manual in addition to any requirements established by the commissioner and promulgated by regulation.

(b) For any company granted an exemption under this section, §§ 56-1-903 -- 56-1-913 shall be applicable. With respect to any company applying this exemption, any reference to § 56-1-914 found in §§ 56-1-903 -- 56-1-913 shall not be applicable.

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Cite this article: FindLaw.com - Tennessee Code Title 56. Insurance § 56-1-918 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-56-insurance/tn-code-sect-56-1-918/

Read this complete Tennessee Code Title 56. Insurance § 56-1-918 on Westlaw. Westlaw subscription required.

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