Tenn. Comp. R. & Regs. 0780-01-41-.05

Current through December 26, 2024

Section 0780-01-41-.05 - ORGANIZATIONAL EXAMINATION

In addition to the processing of the application, an organizational examination shall be performed before an applicant is licensed. Such examination shall consist of a general survey of the company's corporate records, including charter, bylaws and minute books; verification of capital and surplus; verification of principal place of business; determination of assets and liabilities; and a review of such other factors as the commissioner deems necessary.

Original rule filed November 30, 2012; effective February 28, 2013. Repeal and new rule filed September 22, 2017; effective 12/21/2017.

Authority: 2011 Public Acts, Chapter 468, T.C.A. §§ 56-1-401, 56-13-101 through 56-13-418, 56-13-103, 56-13-108, 56-13-115, and 56-13-121.