Tennessee Code 56-21-113 – Guaranty capitalized companies maintaining reinsurance reserves may limit premiums in policies
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Terms Used In Tennessee Code 56-21-113
- Contract: A legal written agreement that becomes binding when signed.
All companies operating under the guaranty capital provisions of this chapter and levying advance premiums and maintaining a full legal reinsurance reserve may limit their policyholders’ liability to the amount of premiums stated in the policy or insurance contract and collect the same as set out in the policy and contract.