(a) In no case shall a covered claim include any claim filed with the association, domiciliary receiver, ancillary receiver or liquidator, after the earlier of:

Terms Used In Tennessee Code 56-12-121

  • Association: means the Tennessee insurance guaranty association created under §. See Tennessee Code 56-12-104
  • Covered claim: means an unpaid claim, including one for unearned premiums, submitted by a claimant, which arises out of and is within the coverage and is subject to the applicable limits of an insurance policy to which this part applies and was issued by an insurer that is insolvent, if the insurer becomes an insolvent insurer after March 31, 1999, and:
    (i) The claimant or insured is a resident of this state when the insured event occurs. See Tennessee Code 56-12-104
  • Insolvent insurer: means an insurer authorized to transact insurance in this state, either when the policy was issued or when the insured event occurred, and against whom a final order of liquidation has been entered after March 31, 1999, with a finding of insolvency by a court of competent jurisdiction in the insurer's state of domicile. See Tennessee Code 56-12-104
(1) Eighteen (18) months after the date of the order of liquidation; or
(2) The final date set by the court for the filing of claims against the liquidator or receiver of an insolvent insurer.
(b) In no case shall a covered claim include any claim filed with the association, domiciliary, or ancillary receiver or a liquidator for protection afforded under the insured’s policy for incurred-but-not-reported losses.
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