Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-49 - Relating to Government Tort Liability
Section 0780-01-49-.06 - ADEQUACY OF RESERVES
Universal Citation: TN Comp Rules and Regs 0780-01-49-.06
Current through September 24, 2024
There shall at all times be maintained a sum in cash, or in other assets (approved by the Commissioner) an amount sufficient to discharge all liabilities on all outstanding losses arising under all risks assumed by the pool, the same to be calculated in accordance with the Statutes and Rules of the State relating to similar reserves for companies insuring similar risks, with due consideration given to other Statutes as they relate to Governmental Tort Liability.
Authority: T.C.A. §§ 29-20-401 and 12-9-101.
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