Tennessee § 56-7-111 Property or casualty insurance - General contractor as a payee

Tennessee Statutes

§ 56-7-111 — Property or casualty insurance - General contractor as a payee

Tennessee § 56-7-111

Title56

This text of Tennessee § 56-7-111 (Property or casualty insurance - General contractor as a payee) 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. § 56-7-111 (2026).

Text

When insured property losses in excess of one thousand dollars ($1,000) accrue to the owners of dwellings or other structures insured under policies of property or casualty insurance as defined in § 56-2-201 , the insurance company shall name the general contractor, as defined in § 62-6-102 , of any uncompleted construction or building contract as a payee on the draft to the owner covering payment for the loss. The insurance company shall name the general contractor as payee on the draft pursuant to this section regardless of whether the work that was performed or is yet to be performed is less than twenty-five thousand dollars ($25,000).

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When insured property losses in excess of one thousand dollars ($1,000) accrue to the owners of dwellings or other structures insured under policies of property or casualty insurance as defined in § 56-2-201 , the insurance company shall name the general contractor, as defined in § 62-6-102 , of any uncompleted construction or building contract as a payee on the draft to the owner covering payment for the loss. The insurance company shall name the general contractor as payee on the draft pursuant to this section regardless of whether the work that was performed or is yet to be performed is less than twenty-five thousand dollars ($25,000).