Tennessee Code 56-45-109 – Purchasing groups – Restrictions – Disclosure requirements
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Tennessee Code 56-45-109
- Insurance: means primary insurance, excess insurance, reinsurance, surplus lines insurance and any other arrangement for shifting and distributing risk that is determined to be insurance under the laws of this state. See Tennessee Code 56-45-102
- Purchasing group: means any group that:
(A) Has as one (1) of its purposes the purchase of liability insurance on a group basis. See Tennessee Code 56-45-102 - Risk retention group: means any corporation or other limited liability association:
(A) Whose primary activity consists of assuming and spreading all, or any portion, of the liability exposure of its group members. See Tennessee Code 56-45-102 - State: means any state of the United States or the District of Columbia. See Tennessee Code 56-45-102