reglab/housing_qa huggingface dataset:
TN Code § 56-2-608 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 6 - Unauthorized Insurers Process Act|§ 56-2-608. Discretionary Continuances

 The court, in any action, suit or proceeding in which service is made in the manner provided in § 56-2-603 or § 56-2-604, may, in its discretion, order a postponement that may be necessary to afford the defendant reasonable opportunity to comply with § 56-2-607, and to defend the action.
TN Code § 56-2-609 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 6 - Unauthorized Insurers Process Act|§ 56-2-609. Motions to Quash or Set Aside Service

 Nothing in § 56-2-607 is to be construed to prevent an unauthorized foreign or alien insurer from filing a motion to quash a writ or to set aside service of the motion made in the manner provided in § 56-2-603 or § 56-2-604 on the ground either that:   The unauthorized insurer has not done any of the acts enumerated in § 56-2-602; or   The person on whom service was made pursuant to § 56-2-604 was not doing any of the acts enumerated in § 56-2-604.
TN Code § 56-2-701 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 7 - Enforcement of Decisions and Orders|§ 56-2-701. Enforcement of Orders or Decisions Against Unauthorized Insurers

 Upon the request of the commissioner, the attorney general and reporter may proceed in the courts of this state, or any reciprocal state, to enforce any order or decision in any court proceeding, or in any administrative proceeding before the commissioner, against any insurer arising out of a violation of §§ 56-2-105 — 56-2-111.
TN Code § 56-2-702 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 7 - Enforcement of Decisions and Orders|§ 56-2-702. Part Definitions

 As used in this part:   “Foreign decree” means any decree or order in equity of a court located in a reciprocal state, including a court of the United States located in the reciprocal state, against any insurer incorporated or authorized to do business in this state;   “Qualified party” means a state regulatory agency acting in its capacity to enforce the insurance laws of its state; and   “Reciprocal state” means any state or territory of the United States, the laws of which contain procedures substantially similar to those specified in this part for the enforcement of decrees or orders in equity issued by courts located in other states or territories of the United States, against any insurer incorporated or authorized to do business in the state or territory.
TN Code § 56-2-703 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 7 - Enforcement of Decisions and Orders|§ 56-2-703. List of Reciprocal States

 The commissioner shall determine which states and territories qualify as reciprocal states and shall maintain at all times an up-to-date list of those states.
TN Code § 56-2-704 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 7 - Enforcement of Decisions and Orders|§ 56-2-704. Enforcement of Foreign Decrees

  Filing and Status.  A copy of any foreign decree authenticated in accordance with the statutes of this state may be filed in the office of the clerk of the chancery court of Davidson County.   The clerk, upon verifying with the commissioner that the decree or order qualifies as a foreign decree, shall treat the foreign decree in the same manner as a decree of that court. A foreign decree so filed has the same effect and shall be deemed as a decree of that court, and is subject to the same procedures, defenses and proceedings for reopening, vacating, or staying as a decree of that court and may be enforced or satisfied in like manner.     Notice of Filing.  At the time of the filing of the foreign decree, the attorney general and reporter shall make and file with the clerk of the chancery court of Davidson County an affidavit setting forth the name and last known post office address of the defendant.   Promptly upon the filing of the foreign decree and the affidavit, the clerk shall mail notice of the filing of the foreign decree to the defendant at the address given and to the commissioner and shall make a note of the mailing in the docket. In addition, the attorney general and reporter may mail a notice of the filing of the foreign decree to the defendant and to the commissioner and may file proof of mailing with the clerk. Lack of mailing notice of filing by the clerk shall not affect the enforcement proceedings if proof of mailing by the attorney general and reporter has been filed.   No execution or other process for enforcement of a foreign decree filed under this part shall issue until thirty (30) days after the decree is filed.     Stay.  If the defendant shows the chancery court of Davidson County that an appeal from the foreign decree is pending or will be taken, or that a stay of execution has been granted, that court shall stay enforcement of the foreign decree until the appeal is concluded, the time for appeal expires, or the stay of execution expires or is vacated, upon proof that the defendant has furnished the security for the satisfaction of the decree required by the state in which it was rendered.   If the defendant shows the court any ground upon which enforcement of a decree of the court would be stayed, the court shall stay enforcement of the foreign decree for an appropriate period, upon requiring the same security for satisfaction of the decree that is required in this state.     Fees.  Fees for docketing, transcription or other enforcement proceedings shall be as provided for decrees of the chancery court of Davidson County.
TN Code § 56-2-801 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 8 - Confidential Information|§ 56-2-801. Sharing of Confidential Information

 The commissioner shall maintain as confidential all information received from the National Association of Insurance Commissioners (NAIC), any state or federal agency, and foreign countries that is confidential in those jurisdictions. The commissioner may allow for the sharing of otherwise confidential documents, materials, information, administrative or judicial orders, and other actions with the regulatory officials of any state or federal agency and foreign countries; provided, that the recipients are required, under their respective laws, to maintain such confidentiality. The commissioner may also allow for the sharing of otherwise confidential documents, materials, information, administrative or judicial orders, and other actions with the NAIC; provided, that the NAIC demonstrates by written statement its intent to maintain such confidentiality.
TN Code § 56-2-901 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 9 - Corporate Governance Annual Disclosure Act|§ 56-2-901. Short Title

 This part shall be known and may be cited as the “Corporate Governance Annual Disclosure Act.”
TN Code § 56-2-902 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 9 - Corporate Governance Annual Disclosure Act|§ 56-2-902. Purpose and Scope

  The purpose of this part is to:  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;   Outline the requirements for completing a corporate governance annual disclosure with the commissioner; and   Provide for the confidential treatment of the corporate governance annual disclosure and related information.     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.   This part applies to all insurers domiciled in this state, except for:  Captive insurance companies licensed under the Revised Tennessee Captive Insurance Act, compiled in chapter 13 of this title; and   Risk retention groups licensed under chapter 45 of this title.
TN Code § 56-2-903 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 9 - Corporate Governance Annual Disclosure Act|§ 56-2-903. Part Definitions

 As used in this part:   “Commissioner” means the commissioner of commerce and insurance;   “Corporate governance annual disclosure” or “CGAD” means a confidential report filed by the insurer or insurance group in accordance with this part;   “Department” means the department of commerce and insurance;   “Insurance group” means those insurers and affiliates included within an insurance holding company system as defined in § 56-11-101;   “Insurer” has the same meaning as “insurance company” in § 56-1-102, except that “insurer” does not include agencies, authorities, or instrumentalities of the United States, its possessions and territories, the Commonwealth of Puerto Rico, the District of Columbia, or a state or political subdivision of a state;   “NAIC” means the National Association of Insurance Commissioners; and   “ORSA summary report” means the report filed in accordance with chapter 11, part 2 of this title.
TN Code § 56-2-905 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 9 - Corporate Governance Annual Disclosure Act|§ 56-2-905. Rules

 The commissioner may promulgate rules as are necessary to carry out this part in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.
TN Code § 56-2-906 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 9 - Corporate Governance Annual Disclosure Act|§ 56-2-906. Contents of Corporate Governance Annual Disclosure

  The insurer or insurance group has discretion over the responses to the CGAD inquiries, provided that the CGAD must contain the material information necessary to permit the commissioner to gain an understanding of the insurer's or group's corporate governance structure, policies, and practices. The commissioner may request additional information that the commissioner deems material and necessary to provide the commissioner with a clear understanding of the corporate governance policies, the reporting or information system, or the controls implementing those policies.   Notwithstanding subsection (a), the CGAD must be prepared consistent with rules promulgated pursuant to this part. The rules must be consistent with subsection (c). Documentation and supporting information must be maintained and made available upon examination or upon the request of the commissioner.   Rules promulgated under this part must prescribe separate but suitable corporate governance reporting requirements for any insurer or insurance group that is not admitted to write insurance on a direct basis in any other jurisdiction and is either:  Organized under the Tennessee Nonprofit Corporation Act, compiled in title 48, Chapters 51 68; or   Governed by a board of which at least seventy-five percent (75%) of its voting directors receive no more than nominal compensation.
TN Code § 56-2-908 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 9 - Corporate Governance Annual Disclosure Act|§ 56-2-908. Naic and Third-Party Consultants

  The commissioner may retain, at the insurer's expense, third-party consultants, including attorneys, actuaries, accountants, and other experts not otherwise part of the commissioner's staff, as may be reasonably necessary to assist the commissioner in reviewing the CGAD and related information or the insurer's compliance with this part.   Any persons retained under subsection (a) are under the direction and control of the commissioner and shall act in a purely advisory capacity.   The NAIC and any third-party consultants are subject to the same confidentiality standards and requirements as the commissioner.   As part of the retention process, a third-party consultant shall verify to the commissioner, with notice to the insurer, that it is free of conflicts of interest and that it has internal procedures in place to monitor compliance with conflicts and to comply with the confidentiality standards and requirements of this part.   A written agreement with the NAIC or a third-party consultant governing sharing and use of information provided pursuant to this part must contain the following provisions and expressly require the written consent of the insurer prior to making public information provided under this part:  Specific procedures and protocols for maintaining the confidentiality and security of CGAD-related information shared with the NAIC or a third-party consultant pursuant to this part;   Procedures and protocols for sharing by the NAIC only with other state regulators from states in which the insurance group has domiciled insurers. The agreement must provide that the recipient agrees in writing to maintain the confidentiality and privileged status of the CGAD-related documents, materials, or other information and has verified in writing its legal authority to maintain confidentiality;   A provision specifying that ownership of the CGAD-related information shared with the NAIC or a third-party consultant remains with the department and that the NAIC's or third-party consultant's use of the information is subject to the direction of the commissioner;   A provision that prohibits the NAIC or a third-party consultant from storing the information shared pursuant to this part in a permanent database after the underlying analysis is completed;   A provision requiring the NAIC or third-party consultant to provide prompt notice to the commissioner and to the insurer or insurance group regarding any subpoena, request for disclosure, or request for production of the insurer's CGAD-related information; and   A requirement that the NAIC or a third-party consultant consent to intervention by an insurer in any judicial or administrative action in which the NAIC or a third-party consultant may be required to disclose confidential information about the insurer shared with the NAIC or a third-party consultant pursuant to this part.
TN Code § 56-2-909 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 9 - Corporate Governance Annual Disclosure Act|§ 56-2-909. Sanctions

 Any insurer failing, without just cause, to timely file the CGAD as required in this part is required, after notice and a hearing, to pay a civil penalty of one hundred dollars ($100) per day for each day of delay, to be recovered by the commissioner, which must be paid into the general fund of this state. The maximum penalty under this section is ten thousand dollars ($10,000). The commissioner may reduce the civil penalty if the insurer demonstrates to the commissioner that imposition of the civil penalty would constitute a financial hardship to the insurer in the commissioner's sole discretion.
TN Code § 56-2-910 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 9 - Corporate Governance Annual Disclosure Act|§ 56-2-910. Severability

 If any provision of this part other than § 56-2-907, or the application of this part to any person or circumstance, is held invalid, such determination shall not affect the provisions or applications of this part that can be given effect without the invalid provision or application, and to that end the provisions of this part, with the exception of § 56-2-907, are severable.
TN Code § 56-3-101 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 3 - Operation of Insurance Companies|Part 1 - General Provisions|§ 56-3-101. Investments of Insurance Companies Organized After May 11, 1895

  Every life insurance company doing business in this state, chartered by the laws of this state, shall be required for the better protection of the policyholders, to keep at all times the sum of one hundred thousand dollars ($100,000) invested in bonds, securities, or mortgages on real estate for double the amount loaned, to be certified as safe and worth this amount by the commissioner.   Insurance companies other than life, chartered by the laws of this state, shall not be allowed to transact business in this state unless possessed of at least fifty thousand dollars ($50,000) paid up, actual cash capital, or, in lieu of cash capital, a stock guaranty capital or surplus, above all liabilities, including reinsurance reserve, of not less than fifty thousand dollars ($50,000).   This section shall not apply to companies organized under the laws of this state prior to May 11, 1895, and actually engaged in the transaction of insurance business.
TN Code § 56-3-103 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 3 - Operation of Insurance Companies|Part 1 - General Provisions|§ 56-3-103. Officers Must Not Be Pecuniarily Interested in Investment or Disposition of Funds of Domestic Company

  No director or other officer of any domestic insurance company organized under the laws of this state, and no member of a committee having any authority in the investment or disposition of its funds, shall accept, or be the beneficiary of, either directly or remotely, any fee, brokerage, commission, gift, or other consideration for or on account of any loan, deposit, purchase, sale, payment, or exchange made by or in behalf of the company, or be pecuniarily interested in the purchase, sale, or loan, either as borrower, principal, coprincipal, agent, or beneficiary, except that if a policyholder, the person shall be entitled to all the benefits accruing under the terms of the contract; provided, that this section shall not forbid the collection by attorneys of reasonable fees for the examination of titles and investigations of loans and investments. This section shall not bar a person who is an agent of an insurance company, in the normal course of business, from serving on the board or on a committee of an insurance company because the person receives commissions on insurance sales.   This section shall not bar or limit the ability of a director, officer, or committee member of an insurance company from:  Holding or owning stock or other ownership interest, if the stock or ownership interest has been disclosed to the insurance company, in a company or entity:  The shares of which are publicly traded on a national stock exchange or on an over-the-counter basis;   That is regulated by the federal reserve board, the federal deposit insurance corporation, the office of the comptroller of the currency, or the office of thrift supervision; or   That does business with the insurance company in the ordinary course of business and on terms no less favorable to the insurance company than are available to ordinary customers of the entity;     Receiving dividends or other distributions in the ordinary course of business from the stock or ownership interest; or   Serving as a director, officer, committee member, employee or agency of any entity listed in this subsection (b) and receiving fees or other compensation in the ordinary course of business for the service.
TN Code § 56-3-104 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 3 - Operation of Insurance Companies|Part 1 - General Provisions|§ 56-3-104. Investments of Domestic Company in Which Officers Pecuniarily Interested Not to Be Allowed as an Admitted Asset

 No funds of a company invested in violation of § 56-3-103 shall be allowed by the commissioner as an admitted asset of the company.
TN Code § 56-3-105 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 3 - Operation of Insurance Companies|Part 1 - General Provisions|§ 56-3-105. Regulation of Compensation of Officers, Agents and Employees of Life Insurance Companies and Fraternal Benefit Societies

  A domestic stock or mutual life insurance company or fraternal benefit society shall not:  Pay any salary, compensation or emolument to any director or trustee regardless of amount, or to any officer, employee or other person, firm or corporation amounting in any one (1) year to more than the amount set forth in the appropriate schedule of the annual statement filed with the commissioner pursuant to § 56-1-501, unless the payment has first been authorized by a vote of the board of directors of the company or society;   Pay any other compensation or emolument to any officer, director or trustee of the company or society who is paid a salary for services of more than one hundred dollars ($100) per month; or   Enter into an agreement for a term longer than twelve (12) months from the date of the agreement with any officer, director, trustee or salaried employee of the company or society providing for the payment of any salary, compensation or emolument for any services rendered or to be rendered.     This section shall not prohibit the life insurance company or society from entering into an agreement with:  Any officer or employee of the company or society for the payment of deferred compensation beyond the period of twelve (12) months from the date of the agreement;   Any officer or employee of the company or society for a stock option plan, stock purchase plan, stock bonus plan, or other incentive compensation plan, if, before the plan is entered into or becomes effective, it is first approved by the commissioner;   Any agent, general agent or district manager of the company or society providing for the payment of commissions on the regular commission basis; or   Any agent of the company or society providing for the payment of renewal commissions.     No domestic or foreign life insurance company or society doing business in this state shall calculate or pay, directly or indirectly, the compensation of any officer, director or trustee of the company or society as a percentage of the premiums collected or the insurance written by the company or society unless it first obtains the approval of the commissioner.
TN Code § 56-3-106 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 3 - Operation of Insurance Companies|Part 1 - General Provisions|§ 56-3-106. Pensions to Officers, Directors, or Trustees, or to Members of Their Families Prohibited to Domestic Stock or Mutual Life Insurance Companies or Fraternal Benefit Societies — Employees' Retirement Plans Permitted

  No domestic stock or mutual life insurance company or fraternal benefit society shall grant any pension to any officer, director or trustee of the company or society, or to any member of the person's family after the person's death, or to any other person whomsoever except that the company or society may provide for an employees' retirement plan for its employees, which plan may or may not require contributions from the employees.   Before the company or society enters into the employees' retirement plan, it shall first submit that plan to the commissioner for approval pursuant to the requirements of this section, and the plan shall not become effective until it has been so approved. After the effective date of the plan, the commissioner may, upon a finding that the plan no longer meets the requirements of this section, order the company or society to discontinue contributions to the plan for a specified time with renewal of the contributions to be subject to the commissioner's subsequent approval.   The commissioner shall approve, or continue the approval of, an employees' retirement plan that meets the following requirements:  No benefit payment can be made to any employee under the plan until the entire reserve required for the benefit payment to the employee has been accumulated and set aside; and   If the plan is established for any classification of the employees of the company or society, such as home office employees, detached office employees, field representatives, agents, etc., it provides for participation and benefits on a nondiscriminatory basis for all employees in each classification who may elect to participate in the plan.     As used in this section, “employees” includes all persons employed by the company or society in any capacity, but does not include any director or trustee of the company or society who serves in that capacity only.