The purpose of this part is to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders because of the insolvency of an insurer, and to provide an association to assess the cost of the protection among insurers.
Tenn. Code Ann. § 56-12-102
Purpose
Known as the Tennessee Insurance Law
The act spans §§ 56-10-101 to 56-8-206 (1,220 sections).
Applied in 1 court decision — leading case Terminix International Co. v. Tennessee Insurance Guaranty Ass'n (1992)
Most recently applied in Terminix International Co. v. Tennessee Insurance Guaranty Ass'n (August 1992)
Acts 1971, ch. 180, § 2; T.C.A., § 56-4002.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.