Statutes > Tennessee Statutes > Title 56 - Insurance > Chapter 1 - Department of Commerce and Insurance > Part 2 - Organization and Personnel > 56-1-203 - Commissioner not to be interested in insurance corporations.

56-1-203 - Commissioner not to be interested in insurance corporations.

56-1-203. Commissioner not to be interested in insurance corporations.

The commissioner shall not be financially interested, directly or indirectly, in any insurance corporation subject to the supervision of the department.

[Acts 1923, ch. 7, § 54; Shan. Supp., § 373a117; Code 1932, § 334; Acts 1933, ch. 92, § 1; C. Supp. 1950, § 334; impl. am. Acts 1971, ch. 137, §§ 1, 2; T.C.A. (orig. ed.), § 56-106.]