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.
Structure 2021 Tennessee Code
Chapter 1 - Department of Commerce and Insurance
Part 4 - Financial Valuations and Examination of Companies
§ 56-1-401. Examination of Companies by Commissioner Before Granting of Certificate to Do Business
§ 56-1-405. Assets Allowable as Credits in Account of Financial Condition
§ 56-1-406. Commissioner Is Custodian of Collateral Deposited
§ 56-1-408. Examination of Insurance Companies — Frequency
§ 56-1-410. Examination of Foreign Companies
§ 56-1-412. Failure to Testify Before Commissioner — Obstruction of Examination — Penalty
§ 56-1-414. Impairment of Capital Stock of Domestic Insurance Company
§ 56-1-417. Notice Required for Revocation or Suspension of Certificate of Authority