4-31-805 - Review by commissioner of commerce. - Tennessee Statutes

4-31-805. Review by commissioner of commerce.

Prior to the issuance of bonds to pay covered claims in the event of an insolvency, the commissioner of commerce and insurance shall recommend the amount of unpaid covered claims to be paid from the bond issuance. In making its recommendation, the commissioner shall review whether the amount of assessments proposed by the association could service repayment of the bond indebtedness and whether the insurers have the ability to pay the assessments to be levied.

[Acts 1995, ch. 240, § 1.]