SB1132 — Insurance Companies, Agents, Brokers, Policies - As introduced, designates the assumption of risk by a captive insurance company under a service contract issued by a parent or affiliate as reinsurance. - Amends TCA Title 56.

SB1132 — Insurance Companies, Agents, Brokers, Policies - As introduced, designates the assumption of risk by a captive insurance company under a service contract issued by a parent or affiliate as reinsurance. - Amends TCA Title 56. · Informed CitizenryThis bill amends Tennessee Code Annotated Title 56 to change how the insurance provided by captive insurance companies is classified. Specifically, it mandates that insurance provided by a captive…Open in Informed Citizenry