Tenn. Code § 4-28-107

Current through Acts 2023-2024, ch. 1069

Section 4-28-107 - Restrictions on insurance companies and their affiliates

An insurance company or affiliate of an insurance company shall not, directly or indirectly:

(1) Beneficially own, whether through rights, options, convertible interest or otherwise, fifteen percent (15%) or more of the voting securities or other voting ownership interest of a TNInvestco;

(2) Manage a TNInvestco, other than exercising remedies for default; or

(3) Control the direction of investments for a TNInvestco.

T.C.A. § 4-28-107

Acts 2009, ch. 610, § 8.