SB1190 — Insurance Companies, Agents, Brokers, Policies - As enacted, requires captive insurance companies to pay certain penalties and interest on the late payment of premium taxes; authorizes certain captive insurance companies to apply for and operate under a letter of dormancy; provides for the conversion of protected cells and pure captive insurance companies; revises certain compensation provisions regarding examinations of insurance companies. - Amends TCA Title 56, Chapter 1, Part 4 and Title 56, Chapter 13.

SB1190 — Insurance Companies, Agents, Brokers, Policies - As enacted, requires captive insurance companies to pay certain penalties and interest on the late payment of premium taxes; authorizes certain captive insurance companies to apply for and operate under a letter of dormancy; provides for the conversion of protected cells and pure captive insurance companies; revises certain compensation provisions regarding examinations of insurance companies. - Amends TCA Title 56, Chapter 1, Part 4 and Title 56, Chapter 13. · Informed CitizenrySB1190 amends Tennessee law regarding captive insurance companies. It establishes specific penalties and interest for late premium tax payments, including a 5% penalty for the first month of delinq…Open in Informed Citizenry