Tennessee Code 56-41-102 – Voluntary risk sharing or market assistance plan
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Terms Used In Tennessee Code 56-41-102
- Commissioner: means the commissioner of commerce and insurance. See Tennessee Code 56-1-102
- Insurance: means "property insurance" as defined in §. See Tennessee Code 56-41-101
- Property: includes both personal and real property. See Tennessee Code 1-3-105
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
If the commissioner of commerce and insurance finds after a hearing that, in any part of this state, property and casualty insurance is not readily available in the voluntary market and that the public interest requires its availability, the commissioner may authorize formation of a voluntary risk sharing or market assistance plan under § 56-41-111.