Tennessee Code 56-22-108 – Surplus or emergency fund – Investment of assets – Borrowing to cover losses
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Tennessee Code 56-22-108
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Commissioner: means the commissioner of commerce and insurance. See Tennessee Code 56-22-103
- County mutual insurance company: means a person that is authorized to provide insurance coverage pursuant to this chapter. See Tennessee Code 56-22-103
- insurance company: means any corporation, association, partnership or individual engaged as a principal in the business of insurance not licensed pursuant to this chapter. See Tennessee Code 56-22-103
- Property: includes both personal and real property. See Tennessee Code 1-3-105
- Surplus: means the accumulated assets of a county mutual insurance company that exceed the county mutual insurance company's accrued losses and expenses. See Tennessee Code 56-22-103