{"data":{"id":"us-tn/tenn.-code-ann.-56-7-914","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 56-7-914","heading":"Annual declaration concerning compensation to creditors","body":"(a) As part of its required annual statement, each company licensed to sell credit insurance in this state and each company authorized as a credit reinsurer in this state shall submit a declaration under oath executed by the company president stating whether the company or a subsidiary has: (1) Paid any compensation to creditors in violation of § 56-7-902 ; or (2) Entered into any reinsurance transaction with a reinsurer who, with the knowledge of the declaring company, has paid compensation to creditors in violation of § 56-7-902 . (b) In the event a company submits a false declaration as described in subsection (a), the company shall be subject to the sanctions set forth in § 56-8-109 . Acts 1988, ch. 834, § 1.\n(a) As part of its required annual statement, each company licensed to sell credit insurance in this state and each company authorized as a credit reinsurer in this state shall submit a declaration under oath executed by the company president stating whether the company or a subsidiary has: (1) Paid any compensation to creditors in violation of § 56-7-902 ; or (2) Entered into any reinsurance transaction with a reinsurer who, with the knowledge of the declaring company, has paid compensation to creditors in violation of § 56-7-902 .\n(1) Paid any compensation to creditors in violation of § 56-7-902 ; or\n(2) Entered into any reinsurance transaction with a reinsurer who, with the knowledge of the declaring company, has paid compensation to creditors in violation of § 56-7-902 .\n(b) In the event a company submits a false declaration as described in subsection (a), the company shall be subject to the sanctions set forth in § 56-8-109 .","path":["TN Code","Title 56","Chapter 7"],"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":"42a648f1ffecfd651879c846e00f871f07ebb4dbd3c6642131e936b2889cc4c6","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-56-7-913","next":"us-tn/tenn.-code-ann.-56-8-101"},"notice":"GroundRules: Original legal text. Not legal advice."}