reglab/housing_qa huggingface dataset:
TN Code § 56-14-116 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 14 - Surplus Lines Insurance|§ 56-14-116. Keeping of Records

  Each surplus lines agent shall keep in the agent's office in this state a full and true record of each surplus lines contract procured by the agent for or on behalf of an insured whose home state is the state of Tennessee, including a copy of the daily report, if any, and showing such of the following items as may be applicable:  Amount of the insurance and perils insured against;   Brief general description of property insured and where located;   Gross premium charged;   Return premium paid, if any;   Rate of premium charged upon the several items of property;   Effective date of the contract and its terms;   Name and post office address of the insured;   Name and home office address of the insurer;   Amount collected from the insured; and   Other information as required by the commissioner.     The record shall at all times be open to examination by the commissioner without notice, and shall be kept available and open to the commissioner for three (3) years next following expiration or cancellation of the contract.
TN Code § 56-14-117 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 14 - Surplus Lines Insurance|§ 56-14-117. Violations and Penalties

 Any violation of this part shall subject the agent to the revocation or suspension of the surplus lines agent's license for a period of not less than one (1) year and a fine of not more than five hundred dollars ($500).
TN Code § 56-15-101 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 15 - Fidelity and Bonding Companies|§ 56-15-101. General Powers — Right to Become Sureties — Banking Business Prohibited

 Fidelity or bonding corporations have the power to execute as surety, and guarantee the performance of:   All bonds, stipulations, or undertakings conditioned for the faithful performance of any duty, public or private, including the bonds and obligations of such a character, as well of private individuals as of public officers, whether state, county, or municipal;   All bonds and obligations required to be executed in the course of judicial proceedings in any of the courts of the state; and   All bonds of administrators, executors, guardians and trustees, and of all persons acting in a fiduciary capacity, whether acting under the authority of any court of this state, or by virtue of a deed, will or other instrument executed by a private individual or corporation, or by virtue of any appointment to any position of trust or confidence by any private individual or corporation; provided, that no fidelity or bonding company shall receive deposits subject to check, or do a general banking business. A fidelity or bonding company that receives deposits subject to check, or does a general banking business commits a Class C misdemeanor.
TN Code § 56-15-102 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 15 - Fidelity and Bonding Companies|§ 56-15-102. Guaranty Corporation May Become Sole Surety on Bonds

 Whenever any recognizance, stipulation, bond or undertaking, conditioned for the faithful performance of any duty, or for doing or refraining from doing anything in the recognizance, stipulation, bond or undertaking specified, is by law required or permitted to be given with one (1) surety, or with two (2) or more sureties, for execution of the same or the guaranteeing of the performance of the condition thereof, it shall be sufficient when executed or guaranteed solely by a corporation incorporated under the laws of the United States, of this state, or any state, having power to guarantee the fidelity of persons holding positions of public or private trust, and to execute and guarantee bonds and undertakings in judicial proceedings; provided, that the recognizance, stipulation, bond or undertaking shall be approved by the head of the department, court, judge, officer, board or body executive, legislative or judicial required to approve or accept the recognizance, stipulation, bond or undertaking. No officer or person having the approval of any bond shall exact that it shall be furnished by a guaranty company, or by any particular guaranty company.
TN Code § 56-15-103 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 15 - Fidelity and Bonding Companies|§ 56-15-103. Condition of Doing Business — Attorney Upon Whom May Be Served Process Against Company

 No such company, organized under the laws of any sovereignty other than this state, shall do business under this chapter until it has appointed the commissioner its true and lawful attorney as required and provided by § 56-2-103, upon whom may be served all lawful process against the company in accordance with § 56-2-504.
TN Code § 56-15-104 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 15 - Fidelity and Bonding Companies|§ 56-15-104. Conditions for Beginning Business — Filing Charter and Statement of Assets and Liabilities — License

  Every company, before transacting any business under this chapter, shall deposit with the commissioner a copy of its charter, or articles of incorporation, and a statement, signed and sworn to by its president and secretary, showing its assets and liabilities.   If the commissioner is satisfied that the company has authority under its charter to do the business provided for in this chapter, and that it has a paid-up capital of not less than one hundred thousand dollars ($100,000) in cash, or its equivalent, and is able to keep and perform its contracts, the commissioner shall grant authority, in writing, to the company to do business under this chapter.
TN Code § 56-15-106 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 15 - Fidelity and Bonding Companies|§ 56-15-106. Commissioner Is Custodian of Securities Deposited by Bonding Companies

 The commissioner is the custodian of all funds and securities deposited with this state for the benefit of policyholders, or for other purposes, by insurance companies writing a fidelity, bonding, or surety business in this state.
TN Code § 56-15-107 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 15 - Fidelity and Bonding Companies|§ 56-15-107. Sworn Financial Statements to Be Filed Quarterly — Revocation of Authority to Do Business to Be Mailed and Published

  Every such company shall, in the months of January, April, July and October of each year, file with the commissioner a statement, signed and sworn to by its president and secretary, showing its assets and liabilities, as is required by § 56-15-104.   The commissioner has the power and the duty to revoke the authority of the company to transact any new business under this chapter whenever, in the commissioner's judgment, the company is not solvent or is conducting its business in violation of this chapter.   The commissioner may institute inquiry at any time into the solvency of the company, and whenever satisfied that the authority of the company to do business under this chapter should be revoked, and upon in fact revoking the authority, the commissioner shall forthwith transmit, by mail, to the county clerk of each county a properly certified copy of the act of revocation, and shall, moreover, cause to be published, in a daily newspaper issued in the cities of Knoxville, Chattanooga, Nashville, and Memphis, a copy of the order of revocation.
TN Code § 56-15-108 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 15 - Fidelity and Bonding Companies|§ 56-15-108. Unlawful to Write Policies Except Through Resident Agents

  It is unlawful for the corporation to write or cause to be written any policy or fidelity contract, except through licensed resident agents who shall countersign and record the policies or contracts and receive the full commission usually paid on business of the same classification in this state.   This section does not apply to bid bonds issued by the corporation in connection with any public or private contract.
TN Code § 56-15-109 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 15 - Fidelity and Bonding Companies|§ 56-15-109. Signing Policy in Blank Unlawful

 It is unlawful for the resident agent to sign the policy in blank.
TN Code § 56-15-110 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 15 - Fidelity and Bonding Companies|§ 56-15-110. Power of Commissioner as to Violations

 The commissioner and the commissioner's deputies have the power to inquire into any violations of § 56-15-108 or § 56-15-109, and to examine any person or persons under oath.
TN Code § 56-15-111 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 15 - Fidelity and Bonding Companies|§ 56-15-111. Revocation of License for Violation

 The commissioner shall revoke for one (1) year the license of any company or agent found guilty of any violation of § 56-15-108 or § 56-15-109.
TN Code § 56-15-112 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 15 - Fidelity and Bonding Companies|§ 56-15-112. Action Against Company — Jurisdiction — Venue

 Any surety company doing business under this chapter may be sued in respect to doing business under this chapter in any court that has now, or hereafter may have, jurisdiction of actions or suits upon the recognizance, stipulation, bond, or undertaking in the county in which the recognizance, stipulation, bond, or undertaking was made or guaranteed, or in the county in which the principal office of the company is located; and, for the purposes of this chapter, the recognizance, stipulation, bond, or undertaking shall be treated as made or guaranteed in the county in which the office is located, to which it is returnable or in which it is filed, or in the county in which the principal in the recognizance, stipulation, bond, or undertaking resided when it was made or guaranteed.
TN Code § 56-15-113 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 15 - Fidelity and Bonding Companies|§ 56-15-113. Action Against Company — Estopped to Deny Liability

 Any company that executes or guarantees any recognizance, stipulation, bond or undertaking under this chapter shall be estopped, in any proceeding to enforce the liability that it has assumed to incur, to deny its corporate power to execute or guarantee the instrument or assume the liability.
TN Code § 56-15-114 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 15 - Fidelity and Bonding Companies|§ 56-15-114. Forfeiture of License for Nonpayment of Judgment

 If the company neglects or refuses to pay any final judgment or decree rendered against it upon the recognizance, stipulation, bond or undertaking made or guaranteed by it under this chapter, from which no appeal, writ of error or supersedeas has been taken for thirty (30) days after the rendition of the judgment or decree, it shall forfeit all right to do business in this state.
TN Code § 56-15-115 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 15 - Fidelity and Bonding Companies|§ 56-15-115. Noncompliance With Chapter — Penalty

 A company that fails to comply with §§ 56-15-102 — 56-15-107 and 56-15-112 — 56-15-114, shall forfeit to the state, for every failure, not less than five hundred dollars ($500) nor more than five thousand dollars ($5,000), to be recovered by suit in the name of the state of Tennessee, in the same courts in which suit may be brought against the company under this chapter, and the failure shall not affect the validity of any contract entered into by the company.
TN Code § 56-18-101 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 18 - Mutual Life Insurance Companies|§ 56-18-101. Mutual Associations — Insuring Members

 Any company may restrict its business to the insurance of the lives of its members or stockholders alone, it being the intent of this section to permit of a corporate existence to any professional association, guild, brotherhood or other mutual association, the right, by an arrangement among themselves, as stockholders in a corporation, to insure the lives of each other upon the principle of the mutual participation in the profits, by annual subscriptions, or otherwise, and thereby provide a fund out of which provision may be made, according to the bylaws of the corporation, for the support of the family of any stockholder on the stockholder's death, or for the payment of any policy due the stockholder's estate on the stockholder's death. In case the corporation restricts its business to the insurance of the lives of stockholders, no publication need be made annually of its debt and liabilities.
TN Code § 56-18-102 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 18 - Mutual Life Insurance Companies|§ 56-18-102. Minimum Capital Requirements

  A domestic mutual life insurance company operating under this chapter shall not receive an original or renewal certificate of authority from the commissioner to issue policies or contracts of insurance unless it possesses and maintains capital or surplus funds as required by § 56-2-114.   Subsection (a) does not apply to any insurance company chartered prior to March 15, 1976.
TN Code § 56-18-103 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 18 - Mutual Life Insurance Companies|§ 56-18-103. Board of Directors — Powers — Qualifications

 The corporate powers of a mutual life insurance corporation shall be exercised by, and its business and affairs shall be under the control and government of, a board of directors composed of not less than fifteen (15) nor more than twenty-one (21) natural persons who are policyholders and who are at least eighteen (18) years of age, and at least seven (7) of whom are residents and citizens of this state.
TN Code § 56-18-104 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 18 - Mutual Life Insurance Companies|§ 56-18-104. Division of Board of Directors — Classification — Terms

 In order to secure continuity of membership in its board of directors, the bylaws of the corporation may provide for division of the board into no more than seven (7) classes as nearly equal in number as possible, and may fix the term of office for each class. Unless such provision is made in the bylaws, all directors shall be elected annually.
TN Code § 56-18-105 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 18 - Mutual Life Insurance Companies|§ 56-18-105. Election of Directors — Annual Meeting

   All directors, as provided in § 56-18-104, shall be elected at an annual meeting of the policyholders of the company, and other questions at the meeting shall be determined, in the manner and subject to the regulations prescribed.    For the purposes of the meeting or election, “policyholder” means:   A person insured by the corporation under an individual life insurance policy or pure endowment contract;   A person to whom the corporation has issued an individual annuity contract, or a policy of noncancelable and guaranteed renewable accident and health insurance; or   Any employer, including the mutualized corporation itself, or other person, firm, corporation or association, some or all of whose employees or members are covered by the corporation with a group life insurance plan or contract or with a group annuity plan or contract;     In all cases, the person shall be qualified as a policyholder under this section only so long as the policy or contract so qualifying the person remains in full force other than as reduced paid-up insurance or extended insurance on the date of the meeting or election, and shall have been so in full force for at least one (1) year prior to that date; and   Every policyholder shall be entitled to one (1) vote, or to a number of votes based upon the insurance in force, the number of policies held, or the amount of premiums paid, as may be provided in the bylaws.       Any vacancy occurring on the board of directors may be filled by a majority vote of the board for the unexpired term to which the vacancy relates.
TN Code § 56-18-106 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 18 - Mutual Life Insurance Companies|§ 56-18-106. Annual Meeting — Notice — Voting by Proxy

  Policyholders, as defined in § 56-18-105, shall be notified of the annual meetings or elections:  By written notice;   By an imprint upon the filing backs of their policies;   In case of policies on which the premiums are payable monthly or more often, on some other prominent place of each policy; or   Upon receipts or certificates of renewal.     The annual meetings or elections shall be held and conducted in accordance with rules prescribed in the bylaws of the corporation adopted by its board of directors and approved by the commissioner.   Policyholders may vote in person, or by proxies dated and executed within three (3) months of, and returned and recorded on the books of the company thirty (30) days or more before, the meeting at which they are to be used. No person shall, as attorney or otherwise, cast more than twenty (20) votes other than those to which the person is entitled as a policyholder, except that the secretary of the corporation may cast as many votes as are possessed by policyholders sending the secretary their proxies, but the secretary shall not solicit any proxy vote, nor shall any other officer, employee or agent of the corporation personally, or by another person or organization, ask for, receive, procure to be obtained or use a proxy vote.
TN Code § 56-18-107 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 18 - Mutual Life Insurance Companies|§ 56-18-107. Voting False Proxy — Penalty

 An officer, employee or agent of the corporation who asks for, receives, procures to be obtained or uses a proxy vote in violation of § 56-18-106 shall be punished by a fine of not less than one hundred dollars ($100), nor more than three hundred dollars ($300), and any proxy vote so obtained shall be null and void.
TN Code § 56-18-109 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 18 - Mutual Life Insurance Companies|§ 56-18-109. Plan of Mutualization

 The plan of mutualization, if properly approved as provided in § 56-18-108, may contain any provision or provisions not in conflict with this chapter or the constitution or other statutory laws of the state.
TN Code § 56-18-110 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 18 - Mutual Life Insurance Companies|§ 56-18-110. Policyholders' Meeting to Consider Plan for Conversion Into Mutual Company

  If a plan of mutualization has been adopted by a vote of a majority of the directors of the corporation, approved by the commissioner, and approved by a vote of stockholders representing a majority of the capital stock then outstanding, a written notice of the meeting of policyholders to consider the plan shall be given by mailing the notice from the home office of the company to each policyholder holding a single policy in the amount of one thousand dollars ($1,000) or more at least thirty (30) days prior to the meeting in a sealed envelope, postage prepaid, addressed to the policyholder at the policyholder's last known post office address, and by a newspaper advertisement published at least thirty (30) days prior to the meeting, and not more than sixty (60) days prior to the meeting, in one (1) newspaper published in the capital city of each state in which the company is qualified to transact business.   A policyholder eligible to vote at the meeting is any policyholder who holds life insurance in the company in a total amount at least equal to one thousand dollars ($1,000), or a policy of noncancellable and guaranteed renewable accident and health insurance with an annual premium of one hundred dollars ($100) or more. The reference in this subdivision (b) to insurance in the amount of one thousand dollars ($1,000) or more includes any policy or policies with a total face or principal sum amount of one thousand dollars ($1,000) or more, any annuity contract or contract that at normal date of maturity requires the payment of a total of one hundred dollars ($100) or more annually, and any pure endowment contract or contracts for the total principal sum of one thousand dollars ($1,000) or more; provided, that the policy or policies or contracts have been in force, other than as reduced paid-up insurance or extended insurance, for at least one (1) year immediately preceding the meeting.   Each policyholder shall be entitled to one (1) vote at the policyholders' meeting, regardless of the number of policies or contracts held or their amounts.
TN Code § 56-18-111 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 18 - Mutual Life Insurance Companies|§ 56-18-111. Procedure at Policyholders' Meeting to Consider Conversion — Payment for Shares by Corporation

  The policyholders' meeting for the purpose of voting on the plan of mutualization shall be conducted in the manner provided in the mutualization plan; provided, that policyholders may vote in person, by proxy, or by mail and all votes shall be cast by ballot on a uniform ballot furnished by the corporation. The commissioner shall appoint no fewer than three (3) nor more than five (5) inspectors who shall observe the voting at the meeting and report to the commissioner as to the procedures employed at the meeting to verify the ballots, to ascertain their validity, and to establish the qualification of the voters. The inspectors shall canvass the vote in the presence of at least two (2) representatives named by the corporation, and shall certify to the commissioner and to the corporation the result of the vote. All necessary actual expenses, including reasonable per diem for the inspectors, incurred by the inspectors in performing the services, shall be paid by the corporation upon the certificate of the commissioner.   Every payment for the acquisition of any shares of the capital stock of the corporation, the purchase price of which is not fixed by the plan, shall be subject to the approval of the commissioner. Neither the plan, nor any payment, shall be approved by the commissioner, unless at the time of the approvals, respectively, the corporation, after deducting the aggregate sum appropriated by the plan for the acquisition of any part or all of its capital stock, and in the case of any payment not fixed by the plan and subject to separate approval after the approval of the plan, after deducting also the amount of the payment, shall be possessed of assets sufficient to maintain its deposit theretofore made with the commissioner, and not less than the liabilities of the corporation required by law, including the net values of its outstanding contracts computed according to the standard adopted by the corporation under the applicable statutes of this state.