Tennessee § 56-2-401 - Alien government controlled companies excluded — Definition.
Full text of Tennessee Tennessee Code Annotated § 56-2-401 — Alien government controlled companies excluded — Definition., with citation guidance and answers to common questions.
§ 56-2-401. Alien government controlled companies excluded — Definition.
Any 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 is prohibited from doing any kind of insurance business in this state. For the purposes of this section and §§ 56-2-402 — 56-2-404, “alien or foreign government” means any foreign government or any state, province, municipality, or political subdivision of any foreign government, but does not apply to any insurance company organized under the laws of a foreign nation that is financially owned or financially controlled by the private citizens or private business interests of the foreign nation. Acts 1955, ch. 3, § 1; T.C.A., §§ 56-323, 56-228. Textbooks. Tennessee Jurisprudence, 15 Tenn. Juris., Insurance, § 78.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-2-401
What does Tennessee Code Annotated § 56-2-401 cover?
Section 56-2-401 ("Alien government controlled companies excluded — Definition.") 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 § 56-2-401?
A common citation format is "Tennessee Code Annotated § 56-2-401" (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 § 56-2-401 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.