Section 56-3-103 shall not bar a person who performs legal or other professional services for a reciprocal from serving as a member of the board of directors, or committee of the board, or as an officer of the reciprocal because the person receives payment for legal or other professional services rendered to the reciprocal.
Tenn. Code Ann. § 56-16-119
Service on board of directors by persons who perform legal or professional service
Known as the Exchange or Reciprocal Insurance Act
The act spans §§ 56–56 (29 sections).
Acts 1997, ch. 58, § 1; T.C.A. § 56-16-210.
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.