No officer, director, or agent of an insurance company or association transacting an industrial insurance business in this state shall knowingly and willfully receive any premium or assessment on behalf of any industrial insurance company or association or fraternal organization, knowing at the time of receipt of the premium or assessment that the company or association is insolvent according to the laws of the state of the organization of the company, without giving notice to the person paying the premium or assessment.Acts 1917, ch. 7, § 2; Shan., § 3369a151; Code 1932, § 6444; T.C.A. (orig. ed.), § 56-1133; Acts 1989, ch. 591, § 113.
Tennessee Legal Code