Tenn. Code Ann. § 56-22-110
Required aggregate excess of loss reinsurance policy
Year: 2026Length: 106 words
All county mutual insurance companies shall be required to carry an aggregate excess of loss reinsurance policy of no less than five percent (5%) of business in force. The amount required for such a policy shall be reduced by the county mutual insurance company's accumulated surplus. Acts 2006, ch. 689, §§ 3, 13.
All county mutual insurance companies shall be required to carry an aggregate excess of loss reinsurance policy of no less than five percent (5%) of business in force. The amount required for such a policy shall be reduced by the county mutual insurance company's accumulated surplus.
Acts 2006, ch. 689, §§ 3, 13.