™Your Policy Risk Impact Agent
59 chapters · 1,882 sections in this title.
Tenn. Code Ann. § 56-20-101 Documents filed with commissioner
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Every mutual or assessment fire insurance company shall file with the commissioner of commerce and insurance a properly certified copy of its charter or articles of incorporation, together with a sworn statement of three (3) of the incorporators that bona fide agreements have bee…
Tenn. Code Ann. § 56-20-102 Policy provisions
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The directors of every corporation subject to this chapter shall issue policies of insurance, signed by its president and secretary, agreeing in the name of the corporation to pay all damages, not exceeding the amount insured, which shall not be more than five thousand dollars ($…
Tenn. Code Ann. § 56-20-103 Obligations of insured — Uniformity
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Every person insured in and by any corporation subject to this chapter shall give an undertaking in the form as the corporation may prescribe, which form shall be uniform between and by all the insured, to pay the person's pro rata share of all losses or damages sustained by any …
Tenn. Code Ann. § 56-20-104 Payment of losses or damages — Borrowing or assessments — General assessments
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(a) Should the amount of any loss or damage exceed the amount of money on hand, such of its officers as may be authorized by the bylaws to do so shall convene the directors or executive committee, who may borrow money on the credit of the corporation, sufficient to pay the loss, …
