Tennessee Code 50-6-603 – Purpose and organization of fund
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 50-6-603
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fund: means the competitive state compensation insurance fund. See Tennessee Code 50-6-602
The fund shall be created as a nonprofit independent public corporation for the purpose of insuring employers against liability for personal injuries for which their employees may be entitled to benefits under this part. The fund shall be organized as a domestic insurance company.