Tennessee Code 56-12-112 – Reports by board

(a) The board of directors may, upon majority vote, make reports to the commissioner upon any matter germane to the solvency, liquidation, rehabilitation or conservation of any member insurer. Such reports shall be considered public documents.

Terms Used In Tennessee Code 56-12-112

Association: means the Tennessee insurance guaranty association created under §. See Tennessee Code 56-12-104
Commissioner: means the commissioner of commerce and insurance. See Tennessee Code 56-12-104
Germane: On the subject of the pending bill or other business; a strict standard of relevance.
Member insurer: means any person who:
(i) Writes any kind of insurance to which this part applies under §. See Tennessee Code 56-12-104

(b) The board of directors shall, at the conclusion of any insurer insolvency in which the association was obligated to pay covered claims, prepare a report on the history and causes of such insolvency, based on the information available to the association, and submit such report to the commissioner.

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Tennessee Code 56-12-112 – Reports by board

Terms Used In Tennessee Code 56-12-112

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