Tenn. Comp. R. & Regs. 0780-01-66-.02 - PURPOSE
(1) The purpose of this chapter is to set
forth the standards which the Commissioner may use for identifying insurers
found to be in such condition as to render the further transaction or
continuance of their business hazardous, financially or otherwise, to their
policyholders, creditors or the general public.
(2) This chapter is intended to aid in early
detection of any potentially dangerous condition in an insurer and to afford
prompt application of appropriate corrective measures, thereby implementing
express purposes of the Insurers' Rehabilitation and Liquidation Act ,
T.C.A.§
56-9-101 et seq.
(3) This chapter shall not be interpreted to
limit the powers granted the Commissioner by any laws or parts of laws of this
state , nor shall this chapter be interpreted to supersede any laws or parts of
laws of this state .
Notes
Authority: T.C.A. §§ 56-1-416, 56-1-408, 56-1-409, 56-2-301, 56-9-101 et seq., 56-9-106, 56-9-409, 56-1-417, 56-2-301, 56-9-503, 56-9-508, 56-11-108, 56-11-109, 56-11-206, 56-11-209, 56-11-106, and 2014 Public Acts, Chapter 583.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.