{"data":{"id":"us-tn/tenn.-code-ann.-56-12-105","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 56-12-105","heading":"Creation of association","body":"(a) There is created a nonprofit unincorporated legal entity to be known as the Tennessee insurance guaranty association. (b) All insurers defined as member insurers shall be and remain members of the association as a condition of their authority to transact insurance in this state. (c) The association shall perform its functions under a plan of operation established and approved under § 56-12-109 and shall exercise its powers through a board of directors established under § 56-12-107 . (d) For purposes of assessment, and the maintenance of records, the association shall be divided into two (2) separate accounts as follows: (1) The workers' compensation insurance account; and (2) The account for all other insurance to which this part applies. Acts 1971, ch. 180, § 5; T.C.A., § 56-4005.\n(a) There is created a nonprofit unincorporated legal entity to be known as the Tennessee insurance guaranty association.\n(b) All insurers defined as member insurers shall be and remain members of the association as a condition of their authority to transact insurance in this state.\n(c) The association shall perform its functions under a plan of operation established and approved under § 56-12-109 and shall exercise its powers through a board of directors established under § 56-12-107 .\n(d) For purposes of assessment, and the maintenance of records, the association shall be divided into two (2) separate accounts as follows: (1) The workers' compensation insurance account; and (2) The account for all other insurance to which this part applies.\n(1) The workers' compensation insurance account; and\n(2) The account for all other insurance to which this part applies.","path":["TN Code","Title 56","Chapter 12"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"a360a0afe97ee6c48cf80a8ac283605008d7233e533f03edb7b1979f3784143e","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-56-12-104","next":"us-tn/tenn.-code-ann.-56-12-106"},"notice":"GroundRules: Original legal text. Not legal advice."}