The contingent liabilities of the policyholders shall be computed as contingent assets of the company. The unpaid regular premium and premium notes of the policyholders not over twelve (12) months due shall be computed as ledger assets of the company.
Policyholder's liability — Computation as assets of company
Tenn. Code Ann. § 56-21-117, under State Mutual Fire Insurance Companies.
Tenn. Code Ann. § 56-21-117