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2021 Tennessee Code
Title 56 - Insurance
Chapter 43 - Tennessee Legal Insurance Act
§ 56-43-109. Reserves
Universal Citation: TN Code § 56-43-109 (2021)
- An insurer must maintain the reserves necessary for the sound operation of the business, including unearned premium reserves. The amount and manner of calculating these reserves shall be determined by rule by the commissioner in accordance with § 56-43-112.
- In establishing and enforcing reserve requirements, the commissioner shall prescribe and allow a reasonable phase-in period prior to mandating full compliance with the reserve requirements by any person transacting the business of legal insurance on January 1, 1990.
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