Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-78 - Tennessee County Mutual Insurance Company Act
Section 0780-01-78-.04 - ANNUAL STATEMENT REQUIREMENTS

(1) All county mutual insurance companies shall prepare their annual statements, as well as any and all other financial information required by T.C.A. §§ 56-22-101, et seq. in accordance with the NAIC's Accounting Practices and Procedures Manual in effect for the period covered by the annual statement.

(2) A county mutual insurance company shall prepare its annual statement according to the NAIC's Quarterly and Annual Statement Instructions-Property/Casualty, utilizing those instructions that are applicable and pertinent to the completion of the annual statement blank prescribed by the commissioner.

(3) When a county mutual insurance company has greater than one million dollars ($1,000,000) in gross premium in a given year, it shall be required, in addition to the filing of the annual statement as required by subparagraph (1) of this Rule, to file financial reports audited by a certified public accountant licensed as such by the State of Tennessee on or before June 1 for the year ended December 31 immediately preceding.

(4) When a county mutual insurance company has greater than one million dollars ($1,000,000) in gross premium in a given year, it shall be required, in addition to other requirements contained in this Rule, to file an opinion of an appointed actuary in accordance with the NAIC's Quarterly and Annual Statement Instructions- Property/Casualty.