56-2-404 - Foreign government controlled company as public nuisance Injunction.
56-2-404. Foreign government controlled company as public nuisance Injunction.
Any violation of §§ 56-2-401 56-2-403 and this section by an insurance company or other insurance entity that is financially owned or financially controlled by any alien or foreign government outside the continental limits of the United States or the territories of the United States, or by any representative or agent of the company or entity, is declared to be a public nuisance, and the commissioner is authorized and empowered to enjoin the nuisance by injunctive proceedings in the chancery court in like manner as is provided by the general statutes pertaining to enjoining nuisances.
[Acts 1955, ch. 3, § 4; T.C.A., §§ 56-326, 56-231.]