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Tennessee HB302

Insurance Companies, Agents, Brokers, Policies - As enacted, requires captive insurance companies to pay certain penalties and interest on the late payment of premium taxes; authorizes certain captive insurance companies to apply for and operate under a letter of dormancy; provides for the conversion of protected cells and pure captive insurance companies; revises certain compensation provisions regarding examinations of insurance companies. - Amends TCA Title 56, Chapter 1, Part 4 and Title 56, Chapter 13.