(a) Any act of entering into a contract of insurance as an insurer or transacting insurance business in this state, as set forth in § 56-2-107, by an unauthorized foreign or alien company, is equivalent to and constitutes an appointment by the company of the secretary of state to be its true and lawful attorney upon whom may be served all lawful process in any action or proceeding against it:

Terms Used In Tennessee Code 56-2-505

  • Attorney: means the person designated and authorized by subscribers as the attorney-in-fact having authority to obligate them on reciprocal insurance contracts. See Tennessee Code 56-16-102
  • Contract: A legal written agreement that becomes binding when signed.
  • Foreign: when used without limitation, includes all companies formed by authority of any other state or government. See Tennessee Code 56-1-102
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
(1) Arising out of a violation of § 56-2-105; or
(2) To collect the taxes imposed in chapter 4 of this title.
(b) The performance of any of the acts enumerated in § 56-2-107 is signification of the company’s agreement that any such process against it that is so served is of the same legal force and validity as if served upon the company.
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