Tennessee § 56-16-112 - Contingent assessment liability of subscriber.
Full text of Tennessee Tennessee Code Annotated § 56-16-112 — Contingent assessment liability of subscriber., with citation guidance and answers to common questions.
§ 56-16-112. Contingent assessment liability of subscriber.
Each subscriber insured under an assessable policy shall have a contingent assessment liability for payment of actual losses and expenses incurred while the subscriber's policy was in force. This shall be in the amount provided for in the power of attorney or subscriber's agreement. The contingent assessment liability on any one (1) policy in any one (1) calendar year shall equal the premiums earned on the policy for that year multiplied by not less than one (1) nor more than ten (10). The contingent assessment liability shall not be joint, but shall be individual and several. Each assessable policy issued by the insurer shall plainly set forth a statement of the contingent assessment liability on the front of the policy in capital letters in no less than ten-point type. Acts 1990, ch. 728, § 2; T.C.A. § 56-16-212 . Code Commission Notes. Former part 2, §§ 56-16-201 — 56-16-219 , was redesignated as part 1, §§ 56-16-101 — 56-16-119 , by the code commission in 2008. Compiler's Notes. Former chapter 16, §§ 56-16-101 — 56-16-112 (Acts 1915, ch. 34, §§ 1-12; Shan., §§ 3369a155-3369al66; Code 1932, § 6448-6459; T.C.A. (orig. ed.), §§ 56-1501 — 56-1512), concerning exchange or reciprocal insurance, was repealed by Acts 1990, ch. 728, § 2. For provisions relating to exchange or reciprocal insurance, see this part.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-16-112
What does Tennessee Code Annotated § 56-16-112 cover?
Section 56-16-112 ("Contingent assessment liability of subscriber.") 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 § 56-16-112?
A common citation format is "Tennessee Code Annotated § 56-16-112" (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 § 56-16-112 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.