Tennessee § 56-19-115 - Unearned premium and other reserves — Maintenance.
Full text of Tennessee Tennessee Code Annotated § 56-19-115 — Unearned premium and other reserves — Maintenance., with citation guidance and answers to common questions.
§ 56-19-115. Unearned premium and other reserves — Maintenance.
The mutual company shall maintain unearned premium and other reserves separately for each kind of insurance, upon the same basis as that required of domestic stock insurance companies transacting the same kind of insurance, and the funds earned by each kind of insurance shall be kept separate and shall not be available to pay losses or expenses incurred by any other kind of insurance; provided, that any reserve for losses or claims based upon the premium income shall be computed upon the net premium income after deducting any so-called dividend or premium returned or credited to the member. Acts 1919, ch. 108, § 12; Shan. Supp., § 3369a58b18; Code 1932, § 6330; T.C.A. (orig. ed.), § 56-1715. Cross-References. Domestic company, capital, surplus and deposit requirements, § 56-2-104 .
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-19-115
What does Tennessee Code Annotated § 56-19-115 cover?
Section 56-19-115 ("Unearned premium and other reserves — Maintenance.") 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 § 56-19-115?
A common citation format is "Tennessee Code Annotated § 56-19-115" (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 § 56-19-115 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.