Tennessee Code 56-5-119 – System intended to provide stable insurance market
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 56-5-119
- Advisory prospective loss costs: means historical aggregate losses and loss adjustment expenses projected through development to their ultimate value and through trending to a future point in time. See Tennessee Code 56-5-102
It is the intent of the general assembly that the advisory prospective loss costs system for workers’ compensation insurance be implemented with the goal of providing long-term stability in the workers’ compensation insurance market.