Tennessee Code 56-12-102 – Purpose
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Terms Used In Tennessee Code 56-12-102
- Association: means the Tennessee insurance guaranty association created under §. See Tennessee Code 56-12-104
The purpose of this part is to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders because of the insolvency of an insurer, and to provide an association to assess the cost of the protection among insurers.