56-13-101 - Short title Purpose.

56-13-101. Short title Purpose.

(a)  This chapter shall be known and may be cited as the “Tennessee Captive Insurance Company Act.”

(b)  The purpose of this chapter is to establish the procedures for the organization and regulation of the operations of captive insurance companies within this state and thereby promote the general welfare of the people of the state.

[Acts 1978, ch. 616, §§ 1, 2; T.C.A., § 56-4501.]