# Tenn. Code Ann. § 56-9-101: Short title - Liberal construction - Purpose > Tennessee · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-101 ## Section - **Citation:** Tenn. Code Ann. § 56-9-101 - **Heading:** Short title - Liberal construction - Purpose - **Jurisdiction:** Tennessee - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** TN Code / Title 56 / Chapter 9 / Section 56-9-101 ## Text (a) This chapter shall be known and may be cited as the "Insurers Rehabilitation and Liquidation Act." (b) This chapter shall not be interpreted to limit the powers granted the commissioner by other provisions of the law. (c) This chapter shall be liberally construed to effect the purpose stated in subsection (d). (d) The purpose of this chapter is the protection of the interests of insureds, claimants, creditors and the public generally, with minimum interference with the normal prerogatives of the owners and managers of insurers, through: (1) Early detection of any potentially dangerous condition in an insurer, and prompt application of appropriate corrective measures; (2) Improved methods for rehabilitating insurers, involving the cooperation and management expertise of the insurance industry; (3) Enhanced efficiency and economy of liquidation, through clarification of the law, to minimize legal uncertainty and litigation; (4) Equitable apportionment of any unavoidable loss; (5) Lessening the problems of interstate rehabilitation and liquidation by facilitating cooperation between states in the liquidation process, and by extending the scope of personal jurisdiction over debtors of the insurer outside this state; (6) Regulation of the insurance business by the impact of the law relating to delinquency procedures and substantive rules on the entire insurance business; and (7) Providing for a comprehensive scheme for the rehabilitation and liquidation of insurance companies and those subject to this chapter as part of the regulation of the business of insurance, insurance industry and insurers in this state. Proceedings in cases of insurer insolvency and delinquency are deemed an integral aspect of the business of insurance and are of vital public interest and concern. Acts 1991, ch. 142, § 4. (a) This chapter shall be known and may be cited as the "Insurers Rehabilitation and Liquidation Act." (b) This chapter shall not be interpreted to limit the powers granted the commissioner by other provisions of the law. (c) This chapter shall be liberally construed to effect the purpose stated in subsection (d). (d) The purpose of this chapter is the protection of the interests of insureds, claimants, creditors and the public generally, with minimum interference with the normal prerogatives of the owners and managers of insurers, through: (1) Early detection of any potentially dangerous condition in an insurer, and prompt application of appropriate corrective measures; (2) Improved methods for rehabilitating insurers, involving the cooperation and management expertise of the insurance industry; (3) Enhanced efficiency and economy of liquidation, through clarification of the law, to minimize legal uncertainty and litigation; (4) Equitable apportionment of any unavoidable loss; (5) Lessening the problems of interstate rehabilitation and liquidation by facilitating cooperation between states in the liquidation process, and by extending the scope of personal jurisdiction over debtors of the insurer outside this state; (6) Regulation of the insurance business by the impact of the law relating to delinquency procedures and substantive rules on the entire insurance business; and (7) Providing for a comprehensive scheme for the rehabilitation and liquidation of insurance companies and those subject to this chapter as part of the regulation of the business of insurance, insurance industry and insurers in this state. Proceedings in cases of insurer insolvency and delinquency are deemed an integral aspect of the business of insurance and are of vital public interest and concern. (1) Early detection of any potentially dangerous condition in an insurer, and prompt application of appropriate corrective measures; (2) Improved methods for rehabilitating insurers, involving the cooperation and management expertise of the insurance industry; insurer insolvency and delinquency are deemed an integral aspect of the business of insurance and are of vital public interest and concern. (1) Early detection of any potentially dangerous condition in an insurer, and prompt application of appropriate corrective measures; (2) Improved methods for rehabilitating insurers, involving the cooperation and management expertise of the insurance industry; (3) Enhanced efficiency and economy of liquidation, through clarification of the law, to minimize legal uncertainty and litigation; (4) Equitable apportionment of any unavoidable loss; (5) Lessening the problems of interstate rehabilitation and liquidation by facilitating cooperation between states in the liquidation process, and by extending the scope of personal jurisdiction over debtors of the insurer outside this state; (6) Regulation of the insurance business by the impact of the law relating to delinquency procedures and substantive rules on the entire insurance business; and (7) Providing for a comprehensive scheme for the rehabilitation and liquidation of insurance companies and those subject to this chapter as part of the regulation of the business of insurance, insurance industry and insurers in this state. Proceedings in cases of insurer insolvency and delinquency are deemed an integral aspect of the business of insurance and are of vital public interest and concern. Acts 1991, ch. 142, § 4. ## Nearby sections - [Tenn. Code Ann. § 56-9-101 Short title - Liberal construction - Purpose](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-101.md) - [Tenn. Code Ann. § 56-9-102 Applicability](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-102.md) - [Tenn. Code Ann. § 56-9-103 Chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-103.md) - [Tenn. Code Ann. § 56-9-104 Delinquency proceeding - Commencement - Jurisdiction](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-104.md) - [Tenn. Code Ann. § 56-9-105 Receivers - Restraining order and injunctive relief - Federal home loan bank](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-105.md) - [Tenn. Code Ann. § 56-9-106 Obligation to cooperate with commissioner - Obstruction of, or interference with, commissioner - Penalties](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-106.md) - [Tenn. Code Ann. § 56-9-107 Applicability](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-107.md) - [Tenn. Code Ann. § 56-9-108 Insurers subject to delinquency proceedings - Restrictions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-108.md) - [Tenn. Code Ann. § 56-9-109 Authentication of documents - Petitions and exhibitions - Cost of reproducing records](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-109.md) - [Tenn. Code Ann. § 56-9-201 Grounds for filing by commissioner - Court order](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-201.md) - [Tenn. Code Ann. § 56-9-202 Records of delinquency proceedings - Confidentiality](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-202.md) - [Tenn. Code Ann. § 56-9-301 Rehabilitation of insurers - Grounds for filing petition](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-301.md) - [Tenn. Code Ann. § 56-9-302 Order to rehabilitate business of insurer - Effect](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-302.md) - [Tenn. Code Ann. § 56-9-303 Rehabilitator - Duties and authority](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-303.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-101. Check the current official text before relying on it. Not legal advice.