TCA § 56-1-414 — Impairment of capital stock of domestic insurance company
If a domestic insurance company’s capital stock is impaired by 20% or more, the commissioner must notify the company, and the company then has 60 days to show its capital has been fully repaired or reduced as allowed by law.
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- United States — Tennessee
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- en
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capital impairment enforcement proceedings regulatory notice
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TCA § 56-1-414 — Impairment of capital stock of domestic insurance company
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