2010 Tennessee Code
Title 56 - Insurance
Chapter 20 - Mutual or Assessment Fire Insurance Companies
56-20-103 - Obligations of insured Uniformity.

56-20-103. Obligations of insured Uniformity.

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 member from any cause specified in the policy of the corporation. The person shall also pay a reasonable sum for expenses as the bylaws may require.

[Acts 1895, ch. 220, § 4; Shan., § 3357; Code 1932, § 6239; T.C.A. (orig. ed.), § 56-1903.]  

Disclaimer: These codes may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.