Assessments — Time limit for paying

Tenn. Code Ann. § 56-16-208, under Domestic Reciprocals.

Tenn. Code Ann. § 56-16-208

(1) Every subscriber of a domestic reciprocal having contingent assessment liability shall be liable for and shall pay the subscriber's share of any assessment computed in accordance with § 56-16-207 if, while the policy is in force or within one (1) year after its termination, the subscriber is notified:(1) By the attorney of the attorney's intention to levy the assessment; or(2) That delinquency proceedings have been commenced against the reciprocal under chapter 9 of this title, and the department or receiver intends to levy an assessment.

(1) By the attorney of the attorney's intention to levy the assessment; or

(2) That delinquency proceedings have been commenced against the reciprocal under chapter 9 of this title, and the department or receiver intends to levy an assessment.