Tennessee Code 56-21-126 – Reinsurance of fire risks to be deducted in determining limit of insurance
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Terms Used In Tennessee Code 56-21-126
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
The reinsurance which any state mutual fire insurance company may secure upon any risk it has outstanding shall be deducted in determining whether the amount of the risk exceeds the limit that by law such company may insure.