The state is authorized to issue bonds in accordance with law or appropriate funds in the general appropriations act to the competitive state compensation insurance fund for start-up costs to be repaid pursuant to terms set by authorizing legislation for issuance of the bonds or appropriated funds. The start-up costs may be utilized by the fund to meet the reserve and capitalization requirements of the department of commerce and insurance. The funds set aside for this purpose shall be considered an admitted asset for regulatory purposes. The time for the fund repaying the appropriations may be extended by the funding board.
Structure 2021 Tennessee Code
Title 50 - Employer and Employee
Chapter 6 - Workers' Compensation Law
Part 6 - Workers' Compensation Insurance Fund Act of 1992
§ 50-6-603. Purpose and Organization of Fund
§ 50-6-605. Management of Fund
§ 50-6-608. Nonliability of Board Members, Officers or Employees
§ 50-6-609. Scope of Insurance by Fund
§ 50-6-609. Scope of Insurance by Fund. [Applicable to Injuries Occurring Prior to July 1, 2014.]
§ 50-6-615. Property of Fund — Fund Employees
§ 50-6-616. Appropriations Prohibited Except as Provided in § 50-6-621
§ 50-6-617. Fund Not a State Agency
§ 50-6-618. Rules for Sale of Coverage by Agents
§ 50-6-619. Annual Report Required
§ 50-6-620. Contents of Annual Report
§ 50-6-621. Bonds, Appropriation for Start-Up Costs
§ 50-6-622. Start-Up of Operations
§ 50-6-623. Submission and Review of Organizational and Operating Plans