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Current as of January 02, 2024 | Updated by Findlaw Staff
(a) The purpose of this part is to:
(1) Provide the commissioner a summary of an insurer or insurance group's corporate governance structure, policies, and practices to permit the commissioner to gain and maintain an understanding of the insurer's corporate governance framework;
(2) Outline the requirements for completing a corporate governance annual disclosure with the commissioner; and
(3) Provide for the confidential treatment of the corporate governance annual disclosure and related information.
(b) Nothing in this part prescribes or imposes corporate governance standards and internal procedures beyond that which is required under applicable law. Notwithstanding this section, nothing in this part limits the commissioner's authority or the rights or obligations of third parties under §§ 56-1-408 -- 56-1-413.
(c) This part applies to all insurers domiciled in this state, except for:
(1) Captive insurance companies licensed under the Revised Tennessee Captive Insurance Act, compiled in chapter 13 of this title; and
(2) Risk retention groups licensed under chapter 45 of this title.
Cite this article: FindLaw.com - Tennessee Code Title 56. Insurance § 56-2-902 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-56-insurance/tn-code-sect-56-2-902/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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