2023 Tennessee Code 56-1-404 – Determination of liability upon contracts of insurance on policies other than life for reinsurance
Current as of: 2023 | Check for updates
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To determine the liability upon the contracts of insurance for insurance companies doing business in this state, foreign and domestic, other than life, the commissioner shall require the companies to charge, as the liability for reinsurance of outstanding policies, fifty percent (50%) of the premiums received on policies or risks having not more than one (1) year to run, and a pro rata of all premiums received on policies or risks having more than one (1) year to run.