Tennessee § 56-23-104 - Assuming insurers — Determination of financial condition.
Full text of Tennessee Tennessee Code Annotated § 56-23-104 — Assuming insurers — Determination of financial condition., with citation guidance and answers to common questions.
§ 56-23-104. Assuming insurers — Determination of financial condition.
For the purpose of determining the financial condition of any assuming insurer, the insurer shall be charged with an amount in its unearned premium liability equal to the amount of the deductions specified in § 56-23-103 , and in its valuation reserve liability with an amount at least equal to the amount that it would be required to maintain if it were the direct insurer of the assumed risks on the basis specified in the reinsurance agreement. Acts 1973, ch. 293, § 4; T.C.A., § 56-4204.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-23-104
What does Tennessee Code Annotated § 56-23-104 cover?
Section 56-23-104 ("Assuming insurers — Determination of financial condition.") 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 § 56-23-104?
A common citation format is "Tennessee Code Annotated § 56-23-104" (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 § 56-23-104 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.