56-13-109 - Violations Penalties.
56-13-109. Violations Penalties.
Any officer, director, clerk, employee or agent of any captive insurance company who receives, pays out or orders the payment of any money, or incurs any obligation for the payment of money, in violation of § 56-13-108 commits a Class C misdemeanor.
[Acts 1978, ch. 616, § 10; T.C.A., § 56-4509; Acts 1989, ch. 591, § 113.]