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2021 Tennessee Code
Title 56 - Insurance
Chapter 4 - Fees and Taxes
Part 2 - Taxes
§ 56-4-208. Additional Payment for Fire Insurance
Universal Citation: TN Code § 56-4-208 (2021)
- In addition to the premium taxes levied by § 56-4-205, all companies writing fire insurance and lines of business having fire coverages as a part of the risk rate shall pay three fourths of one percent (0.75%) on that portion of the premium applicable to the fire risk for the purpose of executing the fire marshal law.
- For the purpose of subsection (a), the following portions of the amounts required to be reported by line of business in the annual statement required by § 56-1-501 shall be considered premiums for insurance covering the peril of fire:
- Fire lines, one hundred percent (100%);
- Farmowners and homeowners multiple peril, fifty-five percent (55%);
- Commercial multiple peril, fifty percent (50%);
- Inland marine, twenty percent (20%);
- Automobile physical damage, eight percent (8%); and
- Aircraft physical damage, eight percent (8%).
- This tax shall be paid at the same time and in the same manner as the tax levied upon insurance companies by § 56-4-205.
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