(a) The association shall establish minimum security deposit amounts for each member self-insurer. All security deposits must be posted with the association.(b) The association shall return to a self-insured employer all individual security determined to be in excess of that needed to ensure the administration of the employer's self-insurance, including legal fees, and the payment of any future claims. This subsection (b) does not apply to the risk-based security program, or to any security utilized by the association following default of a member self-insurer.(c) All financial, actuarial, or claims information received by the commissioner from an employer may be shared by the commissioner with the association under terms and conditions as set by the commissioner to preserve the confidentiality of the financial, actuarial, or claims information.Added by 2024 Tenn. Acts, ch. 666,s 1, eff. 4/9/2024.
Tennessee Legal Code