Tenn. Comp. R. & Regs. 0780-01-49-.06

Current through December 10, 2024

Section 0780-01-49-.06 - ADEQUACY OF RESERVES

There shall at all times be maintained a sum in cash, or in other assets (approved by the Commissioner) an amount sufficient to discharge all liabilities on all outstanding losses arising under all risks assumed by the pool, the same to be calculated in accordance with the Statutes and Rules of the State relating to similar reserves for companies insuring similar risks, with due consideration given to other Statutes as they relate to Governmental Tort Liability.

Original rule filed March 9, 1981; effective April 23, 1981.

Authority: T.C.A. §§ 29-20-401 and 12-9-101.