Tenn. Code Ann. § 56-1-404
This is the official text of Tenn. Code Ann. § 56-1-404, part of Tennessee’s Code Ann — part of the compiled statutory law of Tennessee, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Determination of liability upon contracts of insurance on policies other than life for reinsurance
Official statutory text
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. Acts 1895, ch. 160, § 8; 1897, ch. 37, § 1; Shan., § 3290; Code 1932, § 6105; Acts 1947, ch. 173, § 1; C. Supp. 1950, § 6105; T.C.A. (orig. ed.), § 56-116.
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.
Acts 1895, ch. 160, § 8; 1897, ch. 37, § 1; Shan., § 3290; Code 1932, § 6105; Acts 1947, ch. 173, § 1; C. Supp. 1950, § 6105; T.C.A. (orig. ed.), § 56-116.
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.
Acts 1895, ch. 160, § 8; 1897, ch. 37, § 1; Shan., § 3290; Code 1932, § 6105; Acts 1947, ch. 173, § 1; C. Supp. 1950, § 6105; T.C.A. (orig. ed.), § 56-116.
Status: in_force
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