Tennessee Code 56-16-202 – Deposit to be maintained – Required amount
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 56-16-202
- Attorney: means the person designated and authorized by subscribers as the attorney-in-fact having authority to obligate them on reciprocal insurance contracts. See Tennessee Code 56-16-102
- Department: means the department of commerce and insurance. See Tennessee Code 56-16-102
The attorney shall maintain on deposit with the department an equal amount in cash or in value of securities as required by § 56-2-104(a)(4).