Tennessee § 56-11-112 - Assumption of control by commissioner — Insolvency.
Full text of Tennessee Tennessee Code Annotated § 56-11-112 — Assumption of control by commissioner — Insolvency., with citation guidance and answers to common questions.
§ 56-11-112. Assumption of control by commissioner — Insolvency.
Whenever it appears to the commissioner that any person has committed a violation of this part that so impairs the financial condition of a domestic insurer or of a health maintenance organization as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, enrollees, providers, creditors, shareholders or the public, the commissioner may proceed as provided in chapter 9 of this title to take possession of the property of the domestic insurer or health maintenance organization and to conduct its business. Acts 1986, ch. 572, § 12; 2000, ch. 708, § 3j; T.C.A. § 56-11-212 ; Acts 2014, ch. 583, § 1. Code Commission Notes. Former part 2, §§ 56-11-201 — 56-11-215 , was redesignated as part 1, §§ 56-11-101 — 56-11-115 , by the code commission in 2008. Compiler's Notes. Former §§ 56-11-101 — 56-11-111 (Acts 1970, ch. 462, §§ 1-11; 1989, ch. 591, § 57; T.C.A., §§ 56-3901 — 56-3911; 1989, ch. 591, § 57), concerning registration and examination of affiliated insurers, were repealed by Acts 1986, ch. 572, § 16. For provisions relating to insurance holding company systems, see this part. Former ch. 9 of this title, referred to in this section, was repealed in 1991 and a new ch. 9 enacted by Acts 1991, ch. 142, § 4.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-11-112
What does Tennessee Code Annotated § 56-11-112 cover?
Section 56-11-112 ("Assumption of control by commissioner — Insolvency.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 56-11-112?
A common citation format is "Tennessee Code Annotated § 56-11-112" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 56-11-112 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.