4-31-803 - Part definitions.
4-31-803. Part definitions.
As used in this part, unless the context otherwise requires:
(1) Association means the Tennessee insurance guaranty association;
(2) Bonds means all bonds, notes or other obligations issued by the authority under this part;
(3) Claim or claims means a covered claim as defined in § 56-12-104(7)(A), to be paid from the issuance of bonds under this part in the event of insolvencies as described in § 56-12-107(b)(3); and
(4) Natural disaster means any hurricane, tornado, storm, flood, high water, wind-driven water, tidal wave, tsunami, earthquake, volcanic eruption, landslide, mudslide, snowstorm, ice storm, drought, fire, explosion, civil disturbance or other catastrophe that causes or may cause substantial damage or injury to property.
[Acts 1995, ch. 240, § 1.]