Companies, before becoming licensed, shall report to the commissioner in writing, the name and address of the designated captive manager retained to manage the company. The captive manager shall apply, on a form adopted by the commissioner, for approval by the commissioner. Any change of designated captive manager for a captive insurance company must be approved, in advance, by the commissioner.

Authority: 2011 Public Acts, Chapter 468, T.C.A. §§ 56-13-101 through 56-13-418, 56-13-108, 56-13- 115, and 56-13-121. Administrative History: Original rule filed November 30, 2012; effective February 28, 2013. Repeal and new rule filed September 22, 2017; effective December 21, 2017.