Recently, Tennessee amended Section 354 of the public chapter of its captive insurance statute, which took effect in 2011, allowing protected cell companies greater flexibility in converting from a cell captive to a standalone captive, and permitting captive insurers to exist in dormant form.

        Tennessee added a record 104 captive insurers in 2016, bringing the statewide total to 160 captives, with captive premium income exceeding US$1 billion.