2021 Tennessee Code
Title 56 - Insurance
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 - A reciprocal licensed to transact the business of insurance in...

§ 56-16-104. Applicable Laws - Except as otherwise provided, all the provisions of this title...

§ 56-16-106. Business Name — Requirements - Every reciprocal shall have and use a business name that...

§ 56-16-107. License Required - No reciprocal shall engage in any insurance transaction in this...

§ 56-16-108. Foreign Reciprocals — Licensing Requirements - No foreign reciprocal shall be licensed to transact the business...

§ 56-16-109. Attorney for Foreign Reciprocal — Residence and Principal Office - Nothing in this title regarding the admission and licensing of...

§ 56-16-110. Attorney for Foreign Reciprocal — Execution of Contracts - Reciprocal insurance contracts shall be executed by the attorney of...

§ 56-16-111. Agent for Reciprocal — License Required — Appointment - No person shall act in this state as an agent...

§ 56-16-114. Return of Savings or Credits to Subscribers — Distribution - A reciprocal may return to its present or past subscribers,...

§ 56-16-115. Maintenance of Reserves — Requirements - Each reciprocal shall maintain the same unearned premium and loss...

§ 56-16-118. Judgment Against Reciprocal — Effect - Any judgment against a reciprocal based upon legal process duly...

§ 56-16-119. Service on Board of Directors by Persons Who Perform Legal or Professional Service - Section 56-3-103 shall not bar a person who performs legal...

Part 2 - Domestic Reciprocals

§ 56-16-201. Statements of Subscribers — Filing — Contents - Subscribers contracting among themselves pursuant to part 1 of this...

§ 56-16-202. Deposit to Be Maintained — Required Amount - The attorney shall maintain on deposit with the department an...

§ 56-16-203. Board of Directors — Selection — Powers - The board of directors exercising the subscribers' rights in a...

§ 56-16-205. Subscriber's Agreement and Power of Attorney — Modification - Modification of the terms of the power of attorney and...

§ 56-16-206. Advancement of Funds for Operation - The attorney or other interested persons may advance to a...

§ 56-16-208. Assessments — Time Limit for Paying - Every subscriber of a domestic reciprocal having contingent assessment liability...

§ 56-16-209. Liquidation — Distribution of Assets - Upon the liquidation of a domestic reciprocal, its assets shall...