Any judgment against a reciprocal based upon legal process duly served as provided in this chapter shall be binding upon the reciprocal and upon each of the reciprocal's subscribers as their respective interests may appear, in an amount not exceeding their respective contingent assessment liabilities.
Tenn. Code Ann. § 56-16-118
Judgment against reciprocal — Effect
Known as the Exchange or Reciprocal Insurance Act
The act spans §§ 56-16-101–56-16-210 (29 sections).
Acts 1990, ch. 728, § 2; T.C.A. § 56-16-218.
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.