Tenn. Code Ann. § 56-16-114

Return of savings or credits to subscribers - Distribution

Year: 2026Length: 120 words
A reciprocal may return to its present or past subscribers, or both, any savings or credits accruing to their accounts. The distribution shall not unfairly discriminate between classes of risks or policies, or between subscribers. However, the distribution may vary for classes of subscribers based upon the experience of those classes. Acts 1990, ch. 728, § 2; T.C.A. § 56-16-214. A reciprocal may return to its present or past subscribers, or both, any savings or credits accruing to their accounts. The distribution shall not unfairly discriminate between classes of risks or policies, or between subscribers. However, the distribution may vary for classes of subscribers based upon the experience of those classes. Acts 1990, ch. 728, § 2; T.C.A. § 56-16-214.
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