Tenn. Code Ann. § 45-2-214
This is the official text of Tenn. Code Ann. § 45-2-214, part of Tennessee’s Code Ann — part of the compiled statutory law of Tennessee, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Time for approval or denial of application - Conditions for approval
Official statutory text
The commissioner shall approve or deny the application for a certificate of authority within thirty (30) days after the application has been filed. The commissioner shall approve the application if: (1) The capital and surplus have been fully paid in cash; (2) Appropriate bylaws have been adopted; (3) Any conditions imposed by the commissioner in granting the charter have been fulfilled; (4) The requirements of this chapter and chapter 1 of this title have been satisfied; and (5) An amount of fidelity bond coverages satisfactory to the commissioner is in force. Acts 1969, ch. 36, § 1 (3.312); 1973, ch. 294, § 6; T.C.A., § 45-214; Acts 1996, ch. 768, § 13.
The commissioner shall approve or deny the application for a certificate of authority within thirty (30) days after the application has been filed. The commissioner shall approve the application if:
(1) The capital and surplus have been fully paid in cash;
(2) Appropriate bylaws have been adopted;
(3) Any conditions imposed by the commissioner in granting the charter have been fulfilled;
(4) The requirements of this chapter and chapter 1 of this title have been satisfied; and
(5) An amount of fidelity bond coverages satisfactory to the commissioner is in force.
Acts 1969, ch. 36, § 1 (3.312); 1973, ch. 294, § 6; T.C.A., § 45-214; Acts 1996, ch. 768, § 13.
The commissioner shall approve or deny the application for a certificate of authority within thirty (30) days after the application has been filed. The commissioner shall approve the application if:
(1) The capital and surplus have been fully paid in cash;
(2) Appropriate bylaws have been adopted;
(3) Any conditions imposed by the commissioner in granting the charter have been fulfilled;
(4) The requirements of this chapter and chapter 1 of this title have been satisfied; and
(5) An amount of fidelity bond coverages satisfactory to the commissioner is in force.
Acts 1969, ch. 36, § 1 (3.312); 1973, ch. 294, § 6; T.C.A., § 45-214; Acts 1996, ch. 768, § 13.
Status: in_force
Need a lawyer in Tennessee?
Find a Tennessee lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.