Tennessee § 56-12-106 - Board of directors — Selection — Qualifications — Expenses.
Full text of Tennessee Tennessee Code Annotated § 56-12-106 — Board of directors — Selection — Qualifications — Expenses., with citation guidance and answers to common questions.
§ 56-12-106. Board of directors — Selection — Qualifications — Expenses.
The board of directors of the association shall consist of five (5) persons serving terms as established in the plan of operation. The members of the board shall be selected by the commissioner. Each board member so selected shall be a resident of this state and shall represent a company licensed to do business in this state. The last two (2) members of the board shall be an officer or employee of domestic insurance companies. Vacancies on the board shall be filled for the remaining period of the term in the same manner as initial appointments. In making selections to the board, the commissioner shall consider, among other things, whether all member insurers are fairly represented. Members of the board may be reimbursed from the assets of the association for expenses incurred by them as members of the board of directors. Acts 1971, ch. 180, § 6; T.C.A., § 56-4006.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-12-106
What does Tennessee Code Annotated § 56-12-106 cover?
Section 56-12-106 ("Board of directors — Selection — Qualifications — Expenses.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 56-12-106?
A common citation format is "Tennessee Code Annotated § 56-12-106" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 56-12-106 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.