Each reciprocal shall maintain the same unearned premium and loss or claim reserves required for stock and mutual companies writing the same classes of insurance.
Tenn. Code Ann. § 56-16-115, under Exchange or Reciprocal Insurance.
Tenn. Code Ann. § 56-16-115
Each reciprocal shall maintain the same unearned premium and loss or claim reserves required for stock and mutual companies writing the same classes of insurance.