reglab/housing_qa huggingface dataset:
TN Code § 56-1-913 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 1 - Department of Commerce and Insurance|Part 9 - Standard Valuation Law|§ 56-1-913. Minimum Standard for Accident and Health Insurance Contracts

  For accident and health insurance contracts issued on or after the operative date of the valuation manual, the standard prescribed in the valuation manual is the minimum standard of valuation required under § 56-1-902(b).   For disability, accident and sickness, accident and health insurance contracts issued on or after January 1, 1962, and prior to the operative date of the valuation manual, the minimum standard of valuation is the standard adopted by the commissioner by regulation.
TN Code § 56-1-915 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 1 - Department of Commerce and Insurance|Part 9 - Standard Valuation Law|§ 56-1-915. Requirements of a Principle-Based Valuation

  A company shall establish reserves using a principle-based valuation that meets the following conditions for policies or contracts as specified in the valuation manual:  Quantify the benefits and guarantees, and the funding, associated with the contracts and their risks at a level of conservatism that reflects conditions that include unfavorable events that have a reasonable probability of occurring during the lifetime of the contracts. For policies or contracts with significant tail risk, reflects conditions appropriately adverse to quantify the tail risk;   Incorporate assumptions, risk analysis methods and financial models and management techniques that are consistent with, but not necessarily identical to, those utilized within the company's overall risk assessment process, while recognizing potential differences in financial reporting structures and any prescribed assumptions or methods;   Incorporate assumptions that are derived in one (1) of the following manners:  The assumption is prescribed in the valuation manual;   For assumptions that are not prescribed, the assumptions shall:   Be established utilizing the company's available experience to the extent it is relevant and statistically credible; or   To the extent that company data is not available, relevant, or statistically credible, be established utilizing other relevant, statistically credible experience;       Provide margins for uncertainty including adverse deviation and estimation error, such that the greater the uncertainty the larger the margin and resulting reserve.     A company using a principle-based valuation for one (1) or more policies or contracts subject to this section as specified in the valuation manual shall:  Establish procedures for corporate governance and oversight of the actuarial valuation function consistent with those described in the valuation manual;   Provide to the commissioner and the board of directors an annual certification of the effectiveness of the internal controls with respect to the principle-based valuation. Such controls shall be designed to assure that all material risks inherent in the liabilities and associated assets subject to such valuation are included in the valuation, and that valuations are made in accordance with the valuation manual. The certification shall be based on the controls in place as of the end of the preceding calendar year;   Develop, and file with the commissioner upon request, a principle-based valuation report that complies with standards prescribed in the valuation manual.     A principle-based valuation may include a prescribed formulaic reserve component.
TN Code § 56-1-916 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 1 - Department of Commerce and Insurance|Part 9 - Standard Valuation Law|§ 56-1-916. Experience Reporting for Policies in Force on or After the Operative Date of the Valuation Manual

 A company shall submit mortality, morbidity, policyholder behavior, or expense experience and other data as prescribed in the valuation manual.
TN Code § 56-1-918 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 1 - Department of Commerce and Insurance|Part 9 - Standard Valuation Law|§ 56-1-918. Single State Exemption

  The commissioner may exempt specific product forms or product lines of a domestic company that is licensed and doing business only in this state from § 56-1-914; provided, that:  The commissioner has issued an exemption in writing to the company and has not subsequently revoked the exemption in writing; and   The company computes reserves using assumptions and methods used prior to the operative date of the valuation manual in addition to any requirements established by the commissioner and promulgated by regulation.     For any company granted an exemption under this section, §§ 56-1-903 — 56-1-913 shall be applicable. With respect to any company applying this exemption, any reference to § 56-1-914 found in §§ 56-1-903 — 56-1-913 shall not be applicable.
TN Code § 56-1-919 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 1 - Department of Commerce and Insurance|Part 9 - Standard Valuation Law|§ 56-1-919. Conflicts With Other Laws — Applicability Date

 To the extent that this part conflicts with or is inconsistent with any law, this part shall control. This part shall apply to policies and contracts issued on or after January 1, 1962.
TN Code § 56-2-101 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 1 - General Requirements for Doing Business|§ 56-2-101. Applicability to Foreign and Domestic Companies

 This section, §§ 56-2-102 — 56-2-104, 56-2-113 — 56-2-115, 56-2-201, and 56-2-301 shall be applicable to both domestic and foreign insurance companies unless otherwise specifically provided in a particular section or subsection.
TN Code § 56-2-102 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 1 - General Requirements for Doing Business|§ 56-2-102. Requisites for Commencing Business — Foreign Insurance Companies Qualifying as Domestic Corporations — Foreign Credit Life Reinsurance Companies

  No domestic insurance company or foreign insurance company shall commence business in this state until it has complied with § 56-2-101, this section, §§ 56-2-103,  56-2-104, 56-2-113 — 56-2-115, 56-2-201, and 56-2-301, and has received from the commissioner a certificate of authority to do business.   Any company organized under the laws of any other state or country, and that is admitted to do business in this state for the purpose of writing insurance authorized by this chapter, upon complying with all of the requirements of law relative to the organization of domestic insurance companies and payment of fees by like domestic insurance corporations, and designating its principal place of business at a place in this state, may become a domestic corporation and be entitled to like certificates of its corporate existence and license to transact business in this state, and be subject in all respects to the authority and jurisdiction of this state.   A foreign credit life reinsurance company that meets the capital requirements of § 56-2-114(b) and that has at least fifty percent (50%) of its outstanding voting stock owned by persons or entities domiciled in this state, shall be entitled to obtain certificates of its corporate existence and shall be licensed to transact its business in this state, and be subject in all respects to the authority and jurisdiction of this state, if the following conditions are met:  Approval by the commissioner of commerce and insurance in its state of domicile to change its state of domicile to this state;   Submission to the Tennessee commissioner of commerce and insurance of a certificate of good standing from its state of domicile;   Compliance with all of the requirements of law relative to the organization of domestic insurance companies and payment of fees required by domestic insurance companies; and   Designation of a place in this state as its principal place of business.
TN Code § 56-2-105 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 1 - General Requirements for Doing Business|§ 56-2-105. Certificate of Authority Required — Exceptions

 It is unlawful for any company to enter into a contract of insurance as an insurer or to transact insurance business in this state without a certificate of authority from the commissioner; provided, that this section shall not apply to:   Contracts procured by agents or brokers under the authority of the Surplus Lines Insurance Act, compiled in chapter 14 of this title;   Contracts of reinsurance;   Transactions in this state involving policies lawfully solicited, written and delivered outside of this state covering only subjects of insurance not resident, located or expressly to be performed in this state at the time of issuance or covering property in the course of transportation by land, air or water, to, from or through this state and including any preparation or storage incidental thereto, and which transactions are subsequent to the issuance of those policies;   Transactions in this state involving group or blanket insurance and group annuities where the master policy of the groups was lawfully issued and delivered in a state in which the company was authorized to transact insurance business;   Transactions in this state involving a policy issued prior to April 3, 1968;   Any life insurance or annuity company that holds a certificate of exemption from the commissioner as provided in § 56-2-106; or    The procuring of contracts of insurance issued to an industrial insured;   For the purposes of subdivision (7)(A), an “industrial insured” is an insured:   Who procures the insurance of any risk or risks by use of the services of a full-time employee acting as an insurance manager or buyer;   Whose aggregate annual premiums for insurance on all risks total at least twenty-five thousand dollars ($25,000); and   Who has at least twenty-five (25) full-time employees.
TN Code § 56-2-106 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 1 - General Requirements for Doing Business|§ 56-2-106. Certificate of Exemption

  The commissioner shall, upon the payment of a filing fee of one hundred dollars ($100), grant a certificate of exemption to any life insurance or annuity company:  That is organized and operated without profit to any private shareholder or individual;   That is organized and operated exclusively for the purpose of aiding educational or scientific institutions that are also organized and operated without profit to any private shareholder or individual;   That serves that purpose by issuing insurance and annuity contracts only to or for the benefit of the educational or scientific institutions or to individuals engaged in the service of the institutions;   That appoints the commissioner, and the commissioner's successors in office, as its attorney to receive the service of process issued against it in this state, which appointment shall be irrevocable, shall bind the company and any successor in interest, and shall remain in effect so long as there is in force in this state any contract or policy made or issued by the company or any obligation arising from the contract or policy;   That is fully and legally organized and qualified to do business and that has been actively doing business under the laws of the state of its incorporation for a period of at least three (3) years prior to its application for a certificate of exemption, and possesses and maintains the amount of capital and surplus that would be required for a company to be qualified in this state to do the kind or kinds of business it transacts; and   Whose directors and officers are of known good character and are not affiliated, directly or indirectly, through ownership, control, management, reinsurance transactions, or other insurance or business relations with any person known to have been involved in the improper manipulation of assets, accounts, reinsurance or any matter inimical to the business of insurance.     If, after reasonable notice and a hearing, the commissioner finds that any company holding a certificate of exemption no longer meets the requirements of subdivisions (a)(1)-(6), or finds that any company holding a certificate of exemption has been guilty of any unfair method of competition or any unfair or deceptive acts or practices, as defined in § 56-8-104, the commissioner may enter an order suspending or revoking the certificate of exemption, which order may be reviewed by the writs of certiorari and supersedeas as otherwise provided by law.   Any company holding a certificate of exemption shall pay the premium tax imposed by § 56-4-205 on all policies of life insurance issued after April 4, 1968, to residents of the state, which policies are not issued pursuant to a plan or program authorized by the governing board of the educational or scientific institution, and the premiums for which are not paid for in whole or in part by the educational or scientific institution.
TN Code § 56-2-107 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 1 - General Requirements for Doing Business|§ 56-2-107. Acts of Unauthorized Insurers Constituting Doing Business in State

 Any of the following acts in this state, effected by mail or otherwise by an unauthorized insurer, are included among those deemed to constitute transacting insurance business in this state:   The issuance or delivery of contracts of insurance to residents of this state;   The solicitation of applications for contracts of insurance;   The collection of premiums, membership fees, assessments or other considerations for contracts of insurance; or   The transaction of matters subsequent to the execution of contracts of insurance and arising out of them.
TN Code § 56-2-108 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 1 - General Requirements for Doing Business|§ 56-2-108. Violation of § 56-2-105 — Penalty

  Any company that violates § 56-2-105 is subject to a fine or a civil penalty, or both, of not less than one hundred dollars ($100) nor more than five thousand dollars ($5,000) for each violation.   Each day in which a violation occurs constitutes a separate violation.
TN Code § 56-2-109 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 1 - General Requirements for Doing Business|§ 56-2-109. No Action to Be Maintained Without Certificate of Authority

 The failure of a company to obtain a certificate of authority shall not impair the validity of any act or contract of the company, and shall not prevent the company from defending any action at law or suit in equity in any court of this state; but no company transacting insurance business in this state without a certificate of authority shall be permitted to maintain an action at law or suit in equity in any court of this state to enforce any right, claim or demand arising out of the transaction of insurance business until the company has obtained a certificate of authority, nor shall an action at law or suit in equity be maintained in any court of this state by any successor or assignee of the company on any right, claim or demand originally held by the company until a certificate of authority has been obtained by the company or by a company that has acquired all or substantially all of its assets.
TN Code § 56-2-110 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 1 - General Requirements for Doing Business|§ 56-2-110. Injunction to Prevent Violation of § 56-2-105

  Whenever the commissioner believes, from evidence satisfactory to the commissioner, that any foreign or alien company is violating or is about to violate § 56-2-105, the commissioner may, through the attorney general and reporter, cause a bill to be filed in the chancery court of Davidson County to enjoin and restrain the company from continuing the violation, engaging in the violation or doing any act in furtherance of the violation.   The court shall have jurisdiction of the proceeding and shall have the power to make and enter an order or decree awarding the preliminary or final injunctive relief as in its judgment is proper.
TN Code § 56-2-111 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 1 - General Requirements for Doing Business|§ 56-2-111. Liability for Tax on Gross Premium

 Any company violating § 56-2-105 shall be liable, with respect to any contract of insurance or transaction of insurance business as defined and limited in § 56-2-105, for the payment of all taxes on gross premiums imposed in chapter 4 of this title.
TN Code § 56-2-112 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 1 - General Requirements for Doing Business|§ 56-2-112. Deposits in Trust to Secure Policyholders

  The state treasurer, in an official capacity, shall take and hold in trust deposits made by any domestic insurance company for the purpose of complying with the laws of any other state, to enable the company to do business in the other state, and shall also, in a like manner, take and hold any deposits made by a foreign insurance company under any law of the state.   The company making the deposits shall be entitled to the income of the deposits, and may, from time to time, with the consent of the state treasurer, when not forbidden by the law under which the deposits are made, change, in whole or in part, the securities that compose the deposit for other competent securities of equal value.    Upon the request of any domestic insurance company, the state treasurer may return to the company the whole or any portion of the securities of the company, when the state treasurer is satisfied that the securities so asked to be returned are subject to no liability, and not required to be longer held by any law or purpose of the original deposit.   The state treasurer may return to the trustees or other representatives, authorized for that purpose, of a foreign insurance company, any deposit made by the company, when it appears that the company has ceased to do business in the state, and is under no obligations to policyholders or other persons in the state or in the United States, for whose benefit the deposit was made.
TN Code § 56-2-113 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 1 - General Requirements for Doing Business|§ 56-2-113. Period of Organization Before Admission of Foreign Companies — Exceptions

  No foreign insurance company transacting any of the kinds of insurance as defined in § 56-2-201 shall be admitted and authorized to do business in this state until it can satisfy the commissioner that it has been organized and actively engaged in the insurance business in the state of its incorporation for a period of three (3) years prior to the date of its application to be admitted and authorized to do business in this state.   Subsection (a) does not apply to a foreign insurance company that is:  The wholly-owned subsidiary of an insurance company or health maintenance organization admitted and authorized to do business in this state;   The continuing corporation resulting from a merger or consolidation of insurance companies at least one (1) of which, prior to the merger or consolidation, met all the requirements for admission and authorization to do business in this state, including the requirement of having been actively engaged in the insurance business in its state of incorporation for three (3) years;   The wholly-owned subsidiary of a holding company that also owns one hundred percent (100%) of the common capital stock, excluding qualifying shares required to be held by directors, of an insurance company or health maintenance organization admitted and authorized to do business in this state; or   A foreign insurance company originally chartered and licensed to transact business in this state, and making application to redomesticate to this state upon furnishing the following from the commissioner of commerce and insurance of its state of domicile:  Letter of approval to redomesticate;   Letter of intent to permit the company to transfer its business and assets to this state; and   A certificate of good standing.       “Owned” and “owns,” as used in subsection (b), mean ownership either directly or indirectly through one (1) or more intermediaries.   The commissioner, in the commissioner's sole discretion, may waive the requirement in subsection (a) for any company, if the commissioner determines it is in the public interest.
TN Code § 56-2-114 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 1 - General Requirements for Doing Business|§ 56-2-114. Capital Requirements for Insurance Combinations and Reinsurance

  An insurer otherwise qualified therefor may be authorized to transact combinations of kinds of insurance while processing and maintaining capital, if a stock company, or surplus funds, if a mutual, reciprocal, or Lloyd's plan insurer, in the amount of one million dollars ($1,000,000).   To transact the business of reinsuring credit life and credit accident insurance and health insurance, an insurer must possess and maintain capital in the amount of one hundred fifty thousand dollars ($150,000); provided, that a company so authorized shall not be authorized to conduct any other line of business unless otherwise qualified.
TN Code § 56-2-115 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 1 - General Requirements for Doing Business|§ 56-2-115. Additional Surplus Requirement

 In addition to the paid up capital stock or surplus as required under §§ 56-2-103 and 56-2-114(a), all insurance companies doing business in this state shall possess and maintain bona fide surplus funds in the amount of one million dollars ($1,000,000), except for insurance companies authorized under § 56-2-114(b), which shall possess and maintain bona fide surplus funds equaling in amounts not less than fifty percent (50%) of the capital stock or surplus otherwise required by § 56-2-114(b).
TN Code § 56-2-116 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 2 - Insurance Companies|Part 1 - General Requirements for Doing Business|§ 56-2-116. Exemption of Previously Licensed Companies — Termination of Exemption for Foreign Insurance Companies

  No requirement of §§ 56-2-101 — 56-2-103, 56-2-113 — 56-2-115, 56-2-201, and 56-2-301 not in effect on March 1, 1986, shall be considered applicable to any insurance company properly licensed to transact business in this state on that date.   Notwithstanding subsection (a), any foreign insurance company filing an annual statement under § 56-1-501, not possessing the minimum capital and surplus required by §§ 56-2-114 and 56-2-115 on and after January 1, 1987, shall cease to write any new business until the minimum capital and surplus required are met.   Subsection (b) shall not apply to the procedures and capital requirements of a casualty company for the exclusive purpose of writing bonds only.   Any domestic insurer otherwise exempt under subsection (a) that at any time meets the capital and surplus requirements under this chapter shall thereafter be required to maintain the required capital and surplus limits.