Tenn. Code Ann. § 56-10-201: Part definitions

As used in this part, unless the context otherwise requires: (1) "Commissioner" means the commissioner of commerce and insurance; (2) "Control" means actual working control, in whatever manner exercised. If, as a result of the consummation of any acquisition, any person would own in excess of ten percent (10%) of the voting security of a domestic insurer, it shall be presumed that the person could, directly or indirectly, acquire control of the insurer. Any such presumption may be rebutted by evidence, at a hearing called by the commissioner at the request of the person against whom the presumption operates, but the presumption shall continue until a determination to the contrary is made; (3) "Domestic insurance company" means: (A) An insurance company incorporated under the laws of this state; (B) An insurance company having its principal office or place of business in this state; or (C) An "insurance holding company system," as defined in § 56-11-101 , having its principal office or place of business in this state or that controls an insurance company incorporated under the laws of this state; and (4) (A) A corporation shall be deemed a "person"; and (B) When two (2) or more persons act as a partnership, limited partnership, syndicate, or other group for the purposes of acquiring securities of the insurer, the group shall be deemed a "person," and the information called for by § 56-10-202(a)(1)-(5) shall be given with respect to each member of the group. Acts 1969, ch. 271, § 2; impl. am. Acts 1971, ch. 137, § 2; Acts 1979, ch. 315, § 2; T.C.A., § 56-3613.

As used in this part, unless the context otherwise requires:

(1) "Commissioner" means the commissioner of commerce and insurance;

(2) "Control" means actual working control, in whatever manner exercised. If, as a result of the consummation of any acquisition, any person would own in excess of ten percent (10%) of the voting security of a domestic insurer, it shall be presumed that the person could, directly or indirectly, acquire control of the insurer. Any such presumption may be rebutted by evidence, at a hearing called by the commissioner at the request of the person against whom the presumption operates, but the presumption shall continue until a determination to the contrary is made;

(3) "Domestic insurance company" means: (A) An insurance company incorporated under the laws of this state; (B) An insurance company having its principal office or place of business in this state; or (C) An "insurance holding company system," as defined in § 56-11-101 , having its principal office or place of business in this state or that controls an insurance company incorporated under the laws of this state; and

(A) An insurance company incorporated under the laws of this state;

(B) An insurance company having its principal office or place of business in this state; or

(C) An "insurance holding company system," as defined in § 56-11-101 , having its principal office or place of business in this state or that controls an insurance company incorporated under the laws of this state; and

(4) (A) A corporation shall be deemed a "person"; and (B) When two (2) or more persons act as a partnership, limited partnership, syndicate, or other group for the purposes of acquiring securities of the insurer, the group shall be deemed a "person," and the information called for by § 56-10-202(a)(1)-(5) shall be given with respect to each member of the group.

(A) A corporation shall be deemed a "person"; and

(B) When two (2) or more persons act as a partnership, limited partnership, syndicate, or other group for the purposes of acquiring securities of the insurer, the group shall be deemed a "person," and the information called for by § 56-10-202(a)(1)-(5) shall be given with respect to each member of the group.