Any judgment against a reciprocal based upon legal process duly served as provided in this chapter shall be binding upon the reciprocal and upon each of the reciprocal's subscribers as their respective interests may appear, in an amount not exceeding their respective contingent assessment liabilities.
Structure 2021 Tennessee Code
Chapter 16 - Exchange or Reciprocal Insurance Act of 1990
Part 1 - Exchange or Reciprocal Insurance
§ 56-16-103. Licensed Reciprocal Authorized to Write Certain Classes of Insurance
§ 56-16-106. Business Name — Requirements
§ 56-16-108. Foreign Reciprocals — Licensing Requirements
§ 56-16-109. Attorney for Foreign Reciprocal — Residence and Principal Office
§ 56-16-110. Attorney for Foreign Reciprocal — Execution of Contracts
§ 56-16-111. Agent for Reciprocal — License Required — Appointment
§ 56-16-114. Return of Savings or Credits to Subscribers — Distribution
§ 56-16-115. Maintenance of Reserves — Requirements
§ 56-16-118. Judgment Against Reciprocal — Effect
§ 56-16-119. Service on Board of Directors by Persons Who Perform Legal or Professional Service