Tenn. Comp. R. & Regs. 0780-01-63-.13

Current through October 22, 2024

Section 0780-01-63-.13 - OTHER SECURITY

A ceding insurer may take credit for unencumbered funds withheld by the ceding insurer in the United States subject to withdrawal solely by the ceding insurer and under its exclusive control.

Original rule filed October 5, 1995; effective December 19, 1995. Repeal and new rules filed March 2, 2018; effective May 31, 2018. Rule was originally numbered 0780-01-63-.12 but was renumbered 0780-01-63-.13 with the introduction of a new rule 0780-01-63-.08 filed March 2, 2022; effective 5/31/2022.

Authority: T.C.A. §§ 56-2-207, 56-2-208, 56-2-208(6), 56-2-209, 56-2-209(e), and 56-2-301.