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59 chapters · 1,882 sections in this title.
Tenn. Code Ann. § 56-13-410 Issuing securities
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(a) An SPFC may issue securities, including surplus notes and other forms of financial instruments, subject to and in accordance with applicable law, its approved plan of operation, and its organizational documents. (b) An SPFC, in connection with the issuance of securities, may …
Tenn. Code Ann. § 56-13-411 Asset management agreements
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An SPFC may enter into swap agreements, or other forms of asset management agreements, including guaranteed investment contracts, or other transactions that have the objective of leveling timing differences in funding of up-front or ongoing transaction expenses or managing asset,…
Tenn. Code Ann. § 56-13-412 Reinsurance
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(a) An SPFC may reinsure only the risks of a ceding insurer, pursuant to a reinsurance contract. No SPFC shall issue a contract of insurance or a contract for assumption of risk or indemnification of loss other than such reinsurance contract. (b) Unless otherwise approved in adva…
Tenn. Code Ann. § 56-13-413 No securities considered to be insurance or reinsurance contracts
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No securities issued by an SPFC pursuant to an insurance securitization shall be considered to be insurance or reinsurance contracts. No investor in these securities or a holder of these securities, by sole means of this investment or holding, shall be considered to be transactin…
