56-1-408 - Examination of insurance companies Frequency.
56-1-408. Examination of insurance companies Frequency.
As often as once in five (5) years, the commissioner shall, personally or by a deputy or some competent person appointed by the commissioner for that purpose, visit each insurance company licensed in this state and examine its affairs, especially as to its financial condition and ability to fulfill its obligations, and whether it has complied with the law.
[Acts 1895, ch. 160, § 4; Shan., § 3278; Code 1932, § 6092; T.C.A. (orig. ed.), § 56-120; Acts 1983, ch. 85, § 1; 1993, ch. 253, § 1.]