Assessments - Time limit for paying

Every subscriber of a domestic reciprocal having contingent assessment liability shall be liable for and shall pay the subscriber's share of any assessment computed in accordance with § 56-16-207 if, while the policy is in force or within one (1) year after its termination, the subscriber is notified: (1) By the attorney of the attorney's intention to levy the assessment; or (2) That delinquency proceedings have been commenced against the reciprocal under chapter 9 of this title, and the department or receiver intends to levy an assessment. Acts 1990, ch. 728, § 2; T.C.A. § 56-16-308. Every subscriber of a domestic reciprocal having contingent assessment liability shall be liable for and shall pay the subscriber's share of any assessment computed in accordance with § 56-16-207 if, while the policy is in force or within one (1) year after its termination, the subscriber is notified: (1) By the attorney of the attorney's intention to levy the assessment; or (2) That delinquency proceedings have been commenced against the reciprocal under chapter 9 of this title, and the department or receiver intends to levy an assessment. Acts 1990, ch. 728, § 2; T.C.A. § 56-16-308.