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With a new insurance commissioner and the governor standing behind Tennessee’s captive insurance program, all the state needs to be a leader in the region is passage of some proposed captive statutes, according to an industry expert involved in formulating the changes.

Tennessee, a captive domicile since the 1970s, is set to replace its statute with a “cutting-edge” law, said Kevin M. Doherty, an attorney with Burr Forman LLP in Nashville, Tenn.

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