{"data":{"id":"us-tn/tenn.-code-ann.-56-10-201","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 56-10-201","heading":"Part definitions","body":"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.\nAs used in this part, unless the context otherwise requires:\n(1) \"Commissioner\" means the commissioner of commerce and insurance;\n(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;\n(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\n(A) An insurance company incorporated under the laws of this state;\n(B) An insurance company having its principal office or place of business in this state; or\n(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\n(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.\n(A) A corporation shall be deemed a \"person\"; and\n(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.","path":["TN Code","Title 56","Chapter 10"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"02cb1bb6c1762fc4e85bef8b065374262dadfdca8efecdcc7e4a357808052263","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-56-10-111","next":"us-tn/tenn.-code-ann.-56-10-202"},"notice":"GroundRules: Original legal text. Not legal advice."}