Assessments — Time Limit for Paying

  1. Law
  2. Tennessee Code
  3. Insurance
  4. Exchange or Reciprocal Insurance Act of 1990
  5. Domestic Reciprocals
  6. Assessments — Time Limit for Paying

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Every subscriber of a domestic reciprocal having contingent assessment liability shall be liable for and shall pay the subscriber's share of any assessment computed in accordance with §56-16-207 if, while the policy is in force or within one (1) year after its termination, the subscriber is notified:

  1. By the attorney of the attorney's intention to levy the assessment; or
  2. That delinquency proceedings have been commenced against the reciprocal under chapter 9 of this title, and the department or receiver intends to levy an assessment.


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