reglab/housing_qa huggingface dataset:
TN Code § 56-35-131 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 35 - Title Insurance Law|Part 1 - Operation of Title Insurance Businesses|§ 56-35-131. Additional Requirements for License or Certificates — Violation of Agreements

  Except as provided by §§ 56-35-201 and 56-35-204, the commissioner shall refuse to issue any new license or certificate to any title insurance company, title insurance agent, or title insurance agency, unless the applicant therefor shall agree to abide by any one (1) of the following terms and conditions:  The gross operating revenues for any fiscal year attributable to the placement or issuance of policies or contracts of title insurance derived from all sources of controlled business shall not exceed forty percent (40%) of the gross operating revenues of the company, agent or agency;   The company, agent or agency will be operated as a subsidiary of a financial institution with its primary business being that of accepting deposits and making real estate loans and subject to regulation, inspection, and supervision of the United States government or an agency of the United States; or   The title insurance agency or agent is to be operated by an attorney, a single partnership of attorneys, or a single professional corporation of attorneys as an ancillary part of the general practice of law.     Any violation of the terms and conditions of the agreement shall serve as grounds for the commissioner to suspend or revoke the license or certificate to which the agreement pertains and to assess a civil penalty as provided by § 56-35-127.
TN Code § 56-35-201 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 35 - Title Insurance Law|Part 2 - Licensing and Appointment of Agents|§ 56-35-201. Agents to Be Licensed — Examination — Other Requirements

  No person within this state shall act as or hold out to be a title insurance agent unless properly licensed in accordance with chapter 6, part 1 of this title.   The examination administered to applicants for a title insurance agent's license shall include questions regarding the search and examination of title to real property.   Any title insurance agent who is employed by a title insurance agency or company shall not be required to enter into any agreement, term or condition as set forth in § 56-35-131 insofar as the agent's employment with the title insurance agency or company is concerned; provided, that the agent meets all other licensing requirements.
TN Code § 56-35-202 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 35 - Title Insurance Law|Part 2 - Licensing and Appointment of Agents|§ 56-35-202. Bond or Deposit Required — Suits on Bond

  Every title insurance agent licensed shall, within thirty (30) days after the date the license is issued, file with the commissioner a bond in the amount of twenty-five thousand dollars ($25,000), or cash and/or securities in like amount.   The bond, or cash and/or securities, on file with the commissioner shall be maintained for so long as the title insurance agent's license remains in effect.   The bond shall be made payable to this state for the use and benefit of all persons who suffer pecuniary loss in a real estate transaction, involving the solicitation or issuance of title insurance, caused by any act of fraud, dishonesty, theft, embezzlement or willful misconduct on the part of the title insurance agent.   Any person suffering the pecuniary loss may bring suit on the bond in the person's own name in any court of competent jurisdiction in Tennessee.   The bond shall be executed by a surety company authorized to do business in Tennessee, and shall be in a form acceptable to the commissioner.   Nothing in this section shall be construed to be in derogation of any other rights which may be held or accrued by any person involved in the solicitation, transaction, or issuance of title insurance.
TN Code § 56-35-203 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 35 - Title Insurance Law|Part 2 - Licensing and Appointment of Agents|§ 56-35-203. Title Insurance Companies Not to Defray Agents' License Expenses

 No portion of the expense of examination, satisfaction of the requirements of this chapter for the filing of a bond or cash and/or securities, or any other qualification for the issuance or continuance of a title insurance agent's license shall be paid for or defrayed by a title insurance company.
TN Code § 56-35-204 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 35 - Title Insurance Law|Part 2 - Licensing and Appointment of Agents|§ 56-35-204. Appointment of Agents — Terminations — Renewals — Fees — Exceptions

  Every title insurance company qualified under this chapter shall obtain from the commissioner approval of appointments for every agent writing or soliciting insurance for it as provided in this state. Appointments of agents shall expire one minute past midnight (12:01 a.m.), January 1 of each year, or may be terminated by the insurer at any time by submitting the required termination form to the commissioner as set forth in § 56-6-153 [repealed].   Annually, and prior to January 1 of each year, every title insurance company shall file with the commissioner, in the form and manner that the commissioner prescribes, a designation or certification of all its agents whose appointments are to be renewed.   The fee for each appointment or renewal of an insurance agent and for each duplicate request for appointment of an insurance agent shall be six dollars ($6.00) and shall be in lieu of all other taxes on this privilege. Appointment fees shall not be refundable.   This section does not apply to any executive, traveling salaried employees or persons employed by the agents solely for the performance of clerical, stenographic or similar office duties.
TN Code § 56-35-205 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 35 - Title Insurance Law|Part 2 - Licensing and Appointment of Agents|§ 56-35-205. Revocation of Agent's Authority

 Appointments of agents may be revoked, at any time, by an instrument in writing signed by the president or vice president of the appointing company and filed with the commissioner, and shall be effective from the date received and filed by the commissioner.
TN Code § 56-46-101 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 46 - Risk-Based Capital|Part 1 - Risk-Based Capital for Insurers Act|§ 56-46-101. Short Title

 This part shall be known and may be cited as the “Risk-Based Capital for Insurers Act.”
TN Code § 56-46-102 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 46 - Risk-Based Capital|Part 1 - Risk-Based Capital for Insurers Act|§ 56-46-102. Part Definitions

 As used in this part, unless the context otherwise requires:   “Adjusted RBC Report” means an RBC report that has been adjusted by the commissioner in accordance with § 56-46-103(e);   “Corrective order” means an order issued by the commissioner specifying corrective actions that the commissioner has determined are required;   “Domestic insurer” means any insurance company domiciled in Tennessee;   “Foreign insurer” means any insurance company that is licensed to do business in Tennessee under this title but is not domiciled in Tennessee;   “Life and/or health insurer” means any insurance company licensed for those lines in Tennessee, or a property and casualty insurer writing only accident and health insurance;   “NAIC” means the National Association of Insurance Commissioners;   “Negative trend” means, with respect to a life and/or health insurer, negative trend over a period of time, as determined in accordance with the “Trend Test Calculation” included in the RBC Instructions;   “Property and casualty insurer” means any insurance company licensed in those lines in Tennessee, but does not include monoline mortgage guaranty insurers, financial guaranty insurers and title insurers;   “RBC Instructions” means the RBC Report including risk-based capital instructions adopted by the NAIC, as the RBC Instructions may be amended by the NAIC from time to time in accordance with the procedures adopted by the NAIC;   “RBC Level” means an insurer's Company Action Level RBC, Regulatory Action Level RBC, Authorized Control Level RBC, or Mandatory Control Level RBC where:  “Authorized Control Level RBC” means the number determined under the risk-based capital formula in accordance with the RBC Instructions;   “Company Action Level RBC” means, with respect to any insurer, the product of 2.0 and its Authorized Control Level RBC;   “Mandatory Control Level RBC” means the product of 0.70 and the authorized Control Level RBC; and   “Regulatory Action Level RBC” means the product of 1.5 and its authorized Control Level RBC;     “RBC Plan” means a comprehensive financial plan containing the elements specified in § 56-46-104(b). If the commissioner rejects the RBC Plan, and it is revised by the insurer, with or without the commissioner's recommendation, the plan shall be called the “Revised RBC Plan”;   “RBC Report” means the report required in § 56-46-103; and   “Total adjusted capital” means the sum of:  An insurer's statutory capital and surplus as determined in accordance with the statutory accounting applicable to the annual financial statements required to be filed pursuant to § 56-1-501; and   The other items, if any, that the RBC Instructions may provide.
TN Code § 56-46-103 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 46 - Risk-Based Capital|Part 1 - Risk-Based Capital for Insurers Act|§ 56-46-103. Rbc Report — Calculation of Rbc Levels

  Every domestic insurer shall, on or prior to each March 1 (the “filing date”), prepare and submit to the commissioner a report of its RBC Levels as of the end of the calendar year just ended, in a form and containing the information that is required by the RBC Instructions. In addition, every domestic insurer shall file its RBC Report:  With the NAIC in accordance with the RBC Instructions; and   With the insurance commissioner in any state in which the insurer is authorized to do business, if the insurance commissioner has notified the insurer of its request in writing, in which case the insurer shall file its RBC Report not later than the later of:  Fifteen (15) days from the receipt of notice to file its RBC Report with that state; or   The filing date.       A life and health insurer's RBC shall be determined in accordance with the formula set forth in the RBC Instructions. The formula shall take into account, and may adjust for the covariance between:  The risk with respect to the insurer's assets;   The risk of adverse insurance experience with respect to the insurer's liabilities and obligations;   The interest rate risk with respect to the insurer's business; and   All other business risks and other relevant risks that are set forth in the RBC Instructions, determined in each case by applying the factors in the manner set forth in the RBC Instructions.     A property and casualty insurer's RBC shall be determined in accordance with the formula set forth in the RBC Instructions. The formula shall take into account and may adjust for the covariance between:  Asset risk;   Credit risk;   Underwriting risk; and   All other business risks and other relevant risks that are set forth in the RBC Instructions;  determined in each case by applying the manner set forth in the RBC Instructions.      An excess of capital over the amount produced by the risk-based capital requirements contained in this part and the formulas, schedules and instructions referenced in this part is desirable in the business of insurance. Accordingly, insurers should seek to maintain capital above the RBC levels required by this part. Additional capital is used and useful in the insurance business and helps to secure an insurer against various risks inherent in, or affecting, the business of insurance and not accounted for or only partially measured by the risk-based capital requirements contained in this part.   If a domestic insurer files an RBC Report that in the judgment of the commissioner is inaccurate, then the commissioner shall adjust the RBC Report to correct the inaccuracy and shall notify the insurer of the adjustment. The notice shall contain a statement of the reason for the adjustment. An RBC Report as so adjusted is referred to as an “Adjusted RBC Report.”
TN Code § 56-46-106 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 46 - Risk-Based Capital|Part 1 - Risk-Based Capital for Insurers Act|§ 56-46-106. Authorized Control Level Events

  “Authorized Control Level Event” means any of the following events:  The filing of an RBC Report by the insurer that indicates that the insurer's Total Adjusted Capital is greater than or equal to its Mandatory Control Level RBC but less than its Authorized Control Level RBC;   The notification by the commissioner to the insurer of an Adjusted RBC Report that indicates the event in subdivision (a)(1); provided, that the insurer does not challenge the Adjusted RBC Report under § 56-46-108;   If, pursuant to § 56-46-108, the insurer challenges an Adjusted RBC Report that indicates the event in subdivision (a)(1), notification by the commissioner to the insurer that the commissioner has, after a hearing, rejected the insurer's challenge;   The failure of the insurer to respond, in a manner satisfactory to the commissioner, to a corrective order; provided, that the insurer has not challenged the corrective order under § 56-46-108; or   If the insurer has challenged a corrective order under § 56-46-108 and the commissioner has, after a hearing, rejected the challenge or modified the corrective order, the failure of the insurer to respond, in a manner satisfactory to the commissioner, to the corrective order subsequent to rejection or modification by the commissioner.     In the event of an Authorized Control Level Event with respect to an insurer, the commissioner shall:  Take the actions that are required under § 56-46-105 regarding an insurer with respect to which a Regulatory Action Level Event has occurred; or   If the commissioner deems it to be in the best interests of the policyholders and creditors of the insurer and of the public, take actions necessary to cause the insurer to be placed under regulatory control pursuant to chapter 9 of this title. In the event the commissioner takes such actions, the Authorized Control Level Event shall be deemed sufficient grounds for the commissioner to take action pursuant to chapter 9 of this title, and the commissioner shall have the rights, powers and duties with respect to the insurer as are set forth in chapter 9 of this title. In the event the commissioner takes actions under this subsection (b) pursuant to an Adjusted RBC Report, the insurer shall be entitled to the protections that are afforded to insurers under chapter 9, part 2 of this title.
TN Code § 56-46-107 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 46 - Risk-Based Capital|Part 1 - Risk-Based Capital for Insurers Act|§ 56-46-107. Mandatory Control Level Events

  “Mandatory Control Level Event” means any of the following events:  The filing of an RBC Report that indicates that the insurer's Total Adjusted Capital is less than its Mandatory Control Level RBC;   Notification by the commissioner to the insurer of an Adjusted RBC Report that indicates the event in subdivision (a)(1); provided, that the insurer does not challenge the Adjusted RBC Report under § 56-46-108; or   If, pursuant to § 56-46-108, the insurer challenges an Adjusted RBC Report that indicates the event in subdivision (a)(1), notification by the commissioner to the insurer that the commissioner has, after a hearing, rejected the insurer's challenge.     In the event of a Mandatory Control Level Event:  With respect to a life insurer, the commissioner shall take actions necessary to place the insurer under regulatory control pursuant to chapter 9 of this title. In that event, the Mandatory Control Level Event shall be deemed sufficient grounds for the commissioner to take action pursuant to chapter 9 of this title, and the commissioner shall have the rights, powers and duties with respect to the insurer as are set forth in chapter 9 of this title. If the commissioner takes actions pursuant to an Adjusted RBC Report, the insurer shall be entitled to the protections of chapter 9, part 2 of this title pertaining to summary proceedings. Notwithstanding any of this subdivision (b)(1), the commissioner may forego action for up to ninety (90) days after the Mandatory Control Level Event if the commissioner finds there is a reasonable expectation that the Mandatory Control Level Event may be eliminated within the ninety-day period.   With respect to a property and casualty insurer, the commissioner shall take actions necessary to place the insurer under regulatory control pursuant to chapter 9 of this title, or in the case of an insurer that is writing no business and that is running-off its existing business, may allow the insurer to continue its run-off under the supervision of the commissioner. In either event, the Mandatory Control Level Event shall be deemed sufficient grounds for the commissioner to take action pursuant to chapter 9 of this title, and the commissioner shall have the rights, powers and duties with respect to the insurer as are set forth in chapter 9 of this title. If the commissioner takes actions pursuant to an Adjusted RBC Report, the insurer shall be entitled to the protections of chapter 9, part 2 of this title pertaining to summary proceedings. Notwithstanding any of this subdivision (b)(2), the commissioner may forego action for up to ninety (90) days after the Mandatory Control Level Event if the commissioner finds there is a reasonable expectation that the Mandatory Control Level Event may be eliminated within the ninety-day period.
TN Code § 56-46-108 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 46 - Risk-Based Capital|Part 1 - Risk-Based Capital for Insurers Act|§ 56-46-108. Hearings

  The insurer shall have the right to a confidential departmental hearing, on a record, at which the insurer may challenge any determination or action by the commissioner, upon any of the following:  Notification to an insurer by the commissioner of an Adjusted RBC Report; or   Notification to an insurer by the commissioner that:  The insurer's RBC Plan or Revised RBC Plan is unsatisfactory; and   The notification constitutes a Regulatory Action Level Event with respect to the insurer; or     Notification to any insurer by the commissioner that the insurer has failed to adhere to its RBC Plan or Revised RBC Plan and that the failure has a substantial adverse effect on the ability of the insurer to eliminate the Company Action Level Event with respect to the insurer in accordance with its RBC Plan or Revised RBC Plan; or   Notification to an insurer by the commissioner of a Corrective Order with respect to the insurer.     The insurer shall notify the commissioner of its request for a hearing within five (5) days after the notification by the commissioner under subdivision (a)(1), (2), (3) or (4). Upon receipt of the insurer's request for a hearing, the commissioner shall set a date for the hearing, which date shall be no less than ten (10) nor more than thirty (30) days after the date of the insurer's request.
TN Code § 56-46-110 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 46 - Risk-Based Capital|Part 1 - Risk-Based Capital for Insurers Act|§ 56-46-110. Construction With Other Laws — Rules — Exemptions

  This part is supplemental to any other laws of this state, and shall not preclude or limit any other powers or duties of the commissioner under the laws, including, but not limited to, chapter 9 of this title.   The commissioner may adopt reasonable rules necessary for the implementation of this part.   The commissioner may exempt from the application of this part any domestic property and casualty insurer that:  Writes direct business only in this state;   Writes direct annual premiums of two million dollars ($2,000,000) or less; and   Assumes no reinsurance in excess of five percent (5%) of direct premium written.
TN Code § 56-46-111 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 46 - Risk-Based Capital|Part 1 - Risk-Based Capital for Insurers Act|§ 56-46-111. Foreign Insurers

  Any foreign insurer shall, upon the written request of the commissioner, submit to the commissioner an RBC Report as of the end of the calendar year just ended the later of:  The date an RBC Report would be required to be filed by a domestic insurer under this part; or   Fifteen (15) days after the request is received by the foreign insurer.     Any foreign insurer shall, at the written request of the commissioner, promptly submit to the commissioner a copy of any RBC Plan that is filed with the insurance commissioner of any other state.   In the event of a Company Action Level Event, Regulatory Action Level Event or Authorized Control Level Event with respect to any foreign insurer as determined under the RBC statute applicable in the state of domicile of the insurer, or, if no RBC statute is in force in that state, under this part, if the insurance commissioner of the state of domicile of the foreign insurer fails to require the foreign insurer to file an RBC Plan in the manner specified under that state's RBC statute, or, if no RBC statute is in force in that state, under § 56-46-104, the commissioner may require the foreign insurer to file an RBC Plan with the commissioner. In this event, the failure of the foreign insurer to file an RBC Plan with the commissioner shall be grounds to order the insurer to cease and desist from writing new insurance business in this state.   In the event of a Mandatory Control Level Event with respect to any foreign insurer, if no domiciliary receiver has been appointed with respect to the foreign insurer under the rehabilitation and liquidation statute applicable in the state of domicile of the foreign insurer, the commissioner may make application to the chancery court of Davidson County pursuant to chapter 9 of this title with respect to the liquidation of property of foreign insurers found in this state, and the occurrence of the Mandatory Control Level Event shall be considered adequate grounds for the application.
TN Code § 56-46-112 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 46 - Risk-Based Capital|Part 1 - Risk-Based Capital for Insurers Act|§ 56-46-112. Immunity of Commissioner and Department

 There shall be no liability on the part of, and no cause of action shall arise against, the commissioner or the department of commerce and insurance or its employees or agents for any action taken by them in the performance of their powers and duties under this part.
TN Code § 56-46-113 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 46 - Risk-Based Capital|Part 1 - Risk-Based Capital for Insurers Act|§ 56-46-113. When Notices by Commissioner Which May Result in Regulatory Action Become Effective

 All notices by the commissioner to an insurer which may result in regulatory action under this part shall be effective upon dispatch if transmitted by registered or certified mail, or in the case of any other transmission shall be effective upon the insurer's receipt of such notice.