Statutes > Tennessee Statutes > Title 56 - Insurance > Chapter 22 - Tennessee County Mutual Insurance Company Act of 2006 > 56-22-110 - Required aggregate excess of loss reinsurance policy.

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.]