Tenn. Comp. R. & Regs. 0780-01-41-.10

Current through December 10, 2024

Section 0780-01-41-.10 - REVOCATION OR SUSPENSION OF CAPTIVE LICENSE

The commissioner may, subject to the provisions of this rule, by order suspend or revoke the license of the company for any of the following:

(1) At the request of the company; or

(2) For any reason provided in T.C.A. § 56-13-110.

Before the commissioner rescinds the license of a company under (1) or (2), the commissioner shall give the company notice in writing of the grounds on which the commissioner proposes to cancel the license, and shall afford the company an opportunity to make objection in writing within the period of thirty (30) days after receipt of notice. The commissioner shall take into consideration any objection received by the commissioner within that period and, if the commissioner decides to cancel the license, cause the order of cancellation to be served on the company.

Tenn. Comp. R. & Regs. 0780-01-41-.10

Original rule filed November 30, 2012; effective February 28, 2013. Repeal and new rule filed September 22, 2017; effective 12/21/2017.

Authority: 2011 Public Acts, Chapter 468, T.C.A. §§ 56-13-101 through 56-13-418, 56-13-108, 56-13-110, 56-13-115, and 56-13-121.