The attorney or other interested persons may advance to a domestic reciprocal any funds required in its operations. The funds advanced shall not be treated as a liability of the reciprocal and shall not be withdrawn or repaid except out of the reciprocal's earned surplus in excess of its minimum required surplus.
Tenn. Code Ann. § 56-16-206
Advancement of funds for operation
Known as the Exchange or Reciprocal Insurance Act
The act spans §§ 56–56 (29 sections).
Acts 1990, ch. 728, § 2; T.C.A. § 56-16-306.
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.