56-15-106 - Commissioner is custodian of securities deposited by 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.
[Acts 1913 (1st E.S.), ch. 33, § 1; Shan., § 2222a1; mod. Code 1932, § 3955; impl. am. Acts 1971, ch. 137, § 2; T.C.A. (orig. ed.), § 56-1406.]