Tennessee § 56-21-109 - Reinsurance reserve — Computation.
Full text of Tennessee Tennessee Code Annotated § 56-21-109 — Reinsurance reserve — Computation., with citation guidance and answers to common questions.
§ 56-21-109. Reinsurance reserve — Computation.
When computing reinsurance reserve, policy fees, membership and endorsement fees, all agents' commissions and salaries of all agents required to have a certificate of authority from the department of commerce and insurance shall be excluded as a part of the premium receipts. The unpaid premiums in the course of collection and the unpaid premium notes of the policyholders not over twelve (12) months due shall be treated as ledger assets. Acts 1907, ch. 461, § 4; Shan., § 3369a13; Acts 1921, ch. 160, § 4; Code 1932, § 6264; T.C.A. (orig. ed.), § 56-2011.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-21-109
What does Tennessee Code Annotated § 56-21-109 cover?
Section 56-21-109 ("Reinsurance reserve — Computation.") 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 § 56-21-109?
A common citation format is "Tennessee Code Annotated § 56-21-109" (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 § 56-21-109 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.