The reinsurance which any state mutual fire insurance company may secure upon any risk it has outstanding shall be deducted in determining whether the amount of the risk exceeds the limit that by law such company may insure.
Reinsurance of fire risks to be deducted in determining limit of insurance
Tenn. Code Ann. § 56-21-126, under State Mutual Fire Insurance Companies.
Tenn. Code Ann. § 56-21-126