Tennessee · Snapshot open-us-law v2026.08, retrieved 2026-09-17

Tenn. Code Ann. § 56-3-904: Deposit of securities by domestic insurance companies

(a) (1) Securities qualified for deposit under § 56-2-104 may be deposited with a clearing corporation. (2) Securities deposited with a clearing corporation and used to meet the deposit requirements set forth in § 56-2-104 shall be under the control of the commissioner and shall not be withdrawn by the insurance company without the approval of the commissioner. (b) Any insurance company holding securities as provided in subsection (a) shall provide to the commissioner evidence issued by its custodian through which the insurance company has deposited securities in a clearing corporation, in order to establish that: (1) The securities are actually recorded in an account in the name of the custodian; and (2) The records of the custodian reflect that such securities are held subject to the order of the commissioner. Acts 2012, ch. 680, § 4.
(a) (1) Securities qualified for deposit under § 56-2-104 may be deposited with a clearing corporation. (2) Securities deposited with a clearing corporation and used to meet the deposit requirements set forth in § 56-2-104 shall be under the control of the commissioner and shall not be withdrawn by the insurance company without the approval of the commissioner.
(1) Securities qualified for deposit under § 56-2-104 may be deposited with a clearing corporation.
(2) Securities deposited with a clearing corporation and used to meet the deposit requirements set forth in § 56-2-104 shall be under the control of the commissioner and shall not be withdrawn by the insurance company without the approval of the commissioner.
(b) Any insurance company holding securities as provided in subsection (a) shall provide to the commissioner evidence issued by its custodian through which the insurance company has deposited securities in a clearing corporation, in order to establish that: (1) The securities are actually recorded in an account in the name of the custodian; and (2) The records of the custodian reflect that such securities are held subject to the order of the commissioner.
(1) The securities are actually recorded in an account in the name of the custodian; and
(2) The records of the custodian reflect that such securities are held subject to the order of the commissioner.

Where this section sits in the code

TN Code
Title 56
Chapter 3

(1) Securities qualified for deposit under § 56-2-104 may be deposited with a clearing corporation.

(2) Securities deposited with a clearing corporation and used to meet the deposit requirements set forth in § 56-2-104 shall be under the control of the commissioner and shall not be withdrawn by the insurance company without the approval of the commissioner.

(b) Any insurance company holding securities as provided in subsection (a) shall provide to the commissioner evidence issued by its custodian through which the insurance company has deposited securities in a clearing corporation, in order to establish that: (1) The securities are actually recorded in an account in the name of the custodian; and (2) The records of the custodian reflect that such securities are held subject to the order of the commissioner.

(1) The securities are actually recorded in an account in the name of the custodian; and

(2) The records of the custodian reflect that such securities are held subject to the order of the commissioner.

Collected 2026-09-17T21:51:56Z. Source file · JSON

Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License

Tennessee electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 76 only as a labeled supplement to the newer Open US Law rows. Source

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