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.
Tenn. Code Ann. § 56-22-110
Required aggregate excess of loss reinsurance policy
Known as the Tennessee County Mutual Insurance Company Act
The act spans §§ 56–56 (20 sections).
Acts 2006, ch. 689, §§ 3, 13.
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.