Tennessee § 56-21-102 - Deposit of securities.
Full text of Tennessee Tennessee Code Annotated § 56-21-102 — Deposit of securities., with citation guidance and answers to common questions.
§ 56-21-102. Deposit of securities.
Notwithstanding the provisions contained in § 56-2-104 to the contrary, guaranty capital securities, in amounts equal to the requirements of § 56-2-104(a)(4) , must be deposited with the commissioner of commerce and insurance for the protection of the policyholders and creditors of the company in this state. Companies not having guaranty capital securities must deposit securities equal to ten percent (10%) of net written premiums, annually, not to exceed the requirements of § 56-2-104(a)(4) . Acts 1907, ch. 461, § 2; Shan., § 3369a6; Acts 1921, ch. 160, § 2; Code 1932, § 6257; Acts 1945, ch. 105, § 2; C. Supp. 1950, § 6257; Acts 1967, ch. 236, § 1; 1968, ch. 549, § 1; 1975, ch. 62, § 1; 1977, ch. 202, § 1; T.C.A. (orig. ed.), § 56-2004.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-21-102
What does Tennessee Code Annotated § 56-21-102 cover?
Section 56-21-102 ("Deposit of securities.") 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 § 56-21-102?
A common citation format is "Tennessee Code Annotated § 56-21-102" (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 § 56-21-102 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.