56-13-121 - Legal investments, acquisitions, and loans.
56-13-121. Legal investments, acquisitions, and loans.
(a) Captive insurance companies shall comply with the investment requirements for other stock casualty companies domiciled in this state, except as otherwise provided in §§ 56-13-116 56-13-119.
(b) Notwithstanding this section or chapter 3, part 4 of this title, a pure captive insurance company may invest in, acquire, or loan upon any security, investment or loan with the prior approval of the commissioner.
[Acts 1978, ch. 616, § 22; T.C.A., § 56-4521; Acts 1983, ch. 246, § 1.]