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Section 56-16-208 - Assessments - Time limit for paying — Tennessee Law | CourtGPT
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  7. Section 56-16-208 - Assessments - Time limit for paying
Tennessee Legal Code

Section 56-16-208 - Assessments - Time limit for paying

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Every subscriber of a domestic reciprocal having contingent assessment liability shall be liable for and shall pay the subscriber's share of any assessment computed in accordance with § 56-16-207 if, while the policy is in force or within one (1) year after its termination, the subscriber is notified:(1) By the attorney of the attorney's intention to levy the assessment; or(2) That delinquency proceedings have been commenced against the reciprocal under chapter 9 of this title, and the department or receiver intends to levy an assessment.Acts 1990, ch. 728, § 2; T.C.A. § 56-16-308.