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ARTICLE · 30 JULY 1996

Captive Insurance Fact Sheet - Tennessee

United KingdomWealth Management
Legislation               Tennessee Captive Insurance Company Act of 
                          1978

Supervisory Jurisdiction  Commissioner of Insurance

Application to            Tennessee Department of Commerce and 
                          Insurance

Data includes             Parent company's annual statement, 
                          application for Certificate of Authority, 
                          Articles of Incorporation, business plan, 
                          by-laws, officers and directors, power of 
                          attorney, projected premium income, 
                          certificate of deposit evidencing 
                          capitalisation, organisational examination 
                          report, rating and policy form 
                          questionnaire

Reporting Requirements    Annual financial report

Restriction on Business   Personal lines are prohibited
                          Associated captive membership restricted

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