Tenn. Comp. R. & Regs. 0780-01-41-.09 - CONFLICT OF INTEREST
(1) Each company
chartered in this state is required to adopt a conflict of interest statement
for officers, directors, managers, and key employees. Such statement shall
disclose that the individual has no outside commitments, personal or otherwise,
that would divert the individual from their duty to further the interests of
the company they represent but this shall not preclude such person from being a
director or officer in more than one insurance company.
(2) Each officer, director, manager, and key
employee shall file such disclosure with the Board of Directors
yearly.
Notes
Authority: 2011 Public Acts, Chapter 468, T.C.A. ยงยง 56-13-101 through 56-13-418, 56-13-108, 56-13-115, and 56-13-121.
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