Tennessee § 56-2-202 - Kinds of property insurance authorized.

§ 56-2-202. Kinds of property insurance authorized.

The company has the power generally to insure against loss by fire, earthquakes, storms, floods, explosions, except the explosions of the kind contemplated in § 56-19-108(5), riots, civil commotions, and any and all other damages on all kinds and species of property. This section shall apply to every insurance corporation heretofore or hereafter organized under the laws of this state. All policies of insurance heretofore issued by insurance corporations organized under the laws of this state insuring against loss from any cause included in the authorization in subsection (a) are validated, insofar as the corporation was without specific charter power to insure against those losses. Acts 1875, ch. 142, § 10; Shan., § 2260; Code 1932, § 3973; Acts 1937, ch. 109, §§ 1-3; mod. C. Supp. 1950, § 3973 (Williams, §§ 3973, 3973.1, 3973.2); T.C.A. (orig. ed.), § 56-219. Cross-References. Motor vehicles, endorsement of change in ownership upon title or registration, § 55-3-127 . Textbooks. Tennessee Jurisprudence, 15 Tenn. Juris., Insurance, § 121. Collateral References. Construction of clause in fire policy for apportionment of loss where insured carries other insurance “whether concurrent or not.” 59 A.L.R.2d 552. Coverage under all-risk insurance. 30 A.L.R.5th 170. Temporary fire, wind, or hail insurance pending issuance of policy. 14 A.L.R.3d 568. What constitutes “other insurance” within meaning of insurance policy provisions prohibiting insured from obtaining other insurance on the same property. 7 A.L.R.4th 494. What constitutes “vandalism” or “malicious mischief” within meaning of insurance policy specifically extending coverage to losses from such causes. 56 A.L.R.5th 407.