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Tennessee Code Title 56. Insurance § 56-16-208

Current as of January 02, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Tennessee Code Title 56. Insurance § 56-16-208 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-56-insurance/tn-code-sect-56-16-208/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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