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TENNESSEE STATUTES AND CODES
56-22-110 - Required aggregate excess of loss reinsurance policy.
56-22-110. Required aggregate excess of loss reinsurance policy.
All county mutual insurance companies shall be required to carry an aggregate excess of loss reinsurance policy of no less than five percent (5%) of business in force. The amount required for such a policy shall be reduced by the county mutual insurance company's accumulated surplus.
[Acts 2006, ch. 689, §§ 3, 13.]
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