Tennessee Code 56-16-115 – Maintenance of reserves – Requirements
Current as of: 2023 | Check for updates
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Terms Used In Tennessee Code 56-16-115
- Reciprocal: means the aggregation of subscribers under a common name. See Tennessee Code 56-16-102
Each reciprocal shall maintain the same unearned premium and loss or claim reserves required for stock and mutual companies writing the same classes of insurance.