{"data":{"id":"us-tn/tenn.-code-ann.-56-13-106","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 56-13-106","heading":"Restrictions on dividends on or distributions from capital or surplus","body":"No captive insurance company shall pay a dividend out of, or other distribution with respect to, capital or surplus without the prior approval of the commissioner. Approval of an ongoing plan for the payment of dividends or other distributions shall be conditioned upon the retention, at the time of each payment, of capital or surplus in excess of amounts specified by, or determined in accordance with formulas approved by the commissioner. A captive insurance company may otherwise make such distributions as are in conformity with its purposes and approved by the commissioner.","path":["TN Code","Title 56","Chapter 13"],"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":"cf8347ed661f12752da74bd544fea87afadb61908f0d41a1bb6f74b46a2ee43d","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-56-13-105","next":"us-tn/tenn.-code-ann.-56-13-107"},"notice":"GroundRules: Original legal text. Not legal advice."}