Tenn. Comp. R. & Regs. 0780-01-78-.03 - COMPENSATION EXPENSE RATIO
(1) No county
mutual insurance company's compensation expense ratio may exceed thirty percent
(30%) for any given year.
(2) Any
county mutual insurance company whose compensation expense ratio exceeds thirty
percent (30%) for any given year shall be considered to be operating in a
hazardous financial condition.
Notes
Authority: T.C.A. ยงยง 56-22-107(b), 56-22-119, and 56-22-120.
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