Tennessee § 56-12-105 Creation of association

Tennessee Statutes

§ 56-12-105 — Creation of association

Tennessee § 56-12-105

Title56

This text of Tennessee § 56-12-105 (Creation of association) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 56-12-105 (2026).

Text

(a)There is created a nonprofit unincorporated legal entity to be known as the Tennessee insurance guaranty association.

(b)All insurers defined as member insurers shall be and remain members of the association as a condition of their authority to transact insurance in this state.

(c)The association shall perform its functions under a plan of operation established and approved under § 56-12-109 and shall exercise its powers through a board of directors established under § 56-12-107 .

(d)For purposes of assessment, and the maintenance of records, the association shall be divided into two (2) separate accounts as follows:

(1)The workers' compensation insurance account; and (2) The account for all other insurance to which this part applies.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) There is created a nonprofit unincorporated legal entity to be known as the Tennessee insurance guaranty association. (b) All insurers defined as member insurers shall be and remain members of the association as a condition of their authority to transact insurance in this state. (c) The association shall perform its functions under a plan of operation established and approved under § 56-12-109 and shall exercise its powers through a board of directors established under § 56-12-107 . (d) For purposes of assessment, and the maintenance of records, the association shall be divided into two (2) separate accounts as follows: (1) The workers' compensation insurance account; and (2) The account for all other insurance to which this part applies.