Tenn. Comp. R. & Regs. 0780-01-49-.02 - DEFINITIONS
As used in this rule, unless the context otherwise requires:
(1) "Fund" means any
accumulation of assets, by pooling arrangements, for the purpose of making
payment of claims pursuant to T.C.A. §29-2-401.
(2) "Reserves" means all amounts necessary to
discharge the claims obligations of any fund created pursuant to T.C.A.
§29-20-401, including losses reported, losses incurred
but not reported and all loss adjustment expenses.
(3) "Commissioner" means the Commissioner of
Insurance.
(4) "State" means the
State of Tennessee.
(5) ''Annual
Report'' means an annual financial statement which includes a balance sheet,
summary of operations, schedule necessary to identify and enumerate the cash,
stocks, bonds, real estate or other assets held by the fund, and a summary of
all outstanding loss reserves and loss expense reserves by opinion of an
independent casualty actuary.
Notes
Authority: T.C.A. §§ 29-20-401 and 12-9-101.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.