Tennessee § 56-21-125 Reinsurance of excess fire risks - Reinsurance in unauthorized company - Premium tax

Tennessee Statutes

§ 56-21-125 — Reinsurance of excess fire risks - Reinsurance in unauthorized company - Premium tax

Tennessee § 56-21-125

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This text of Tennessee § 56-21-125 (Reinsurance of excess fire risks - Reinsurance in unauthorized company - Premium tax) 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. § 56-21-125 (2026).

Text

All amounts in excess of those provided by § 56-21-123 shall be reinsured concurrently with its writing. No company doing business under this chapter shall reinsure any of its business in any unauthorized company, except upon the written approval of the commissioner. The company shall pay the tax prescribed by chapter 4, part 2 of this title on all business it reinsures in companies not having their domicile in this state.

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All amounts in excess of those provided by § 56-21-123 shall be reinsured concurrently with its writing. No company doing business under this chapter shall reinsure any of its business in any unauthorized company, except upon the written approval of the commissioner. The company shall pay the tax prescribed by chapter 4, part 2 of this title on all business it reinsures in companies not having their domicile in this state.