Tennessee Code 56-21-119 – Lien on insured property for premiums and other policy obligations
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Terms Used In Tennessee Code 56-21-119
- Lien: A claim against real or personal property in satisfaction of a debt.
- Property: includes both personal and real property. See Tennessee Code 1-3-105
Every company operating under this chapter shall have a lien upon the property insured to secure the payment of all regular premiums, contingent premiums and other policy obligations due the company.