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Section 56-21-104 - Investment of guaranty capital and other assets — Tennessee Law | CourtGPT
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  4. Title 56 - Insurance (§§ 56-1-101 — 56-61-125)/
  5. Chapter 21 - State Mutual Fire Insurance Companies/
  6. Section 56-21-104 - Investment of guaranty capital and other assets
Tennessee Legal Code

Section 56-21-104 - Investment of guaranty capital and other assets

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The capital and other invested assets of the company shall be invested in real estate mortgages or mortgage notes, not exceeding one half (1/2) of the value of the property, or in such other securities as are permitted for investment by domestic stock fire insurance companies.Acts 1907, ch. 461, § 2; Shan., § 3369a5; Acts 1921, ch. 160, § 2; Code 1932, § 6256; T.C.A. (orig. ed.), § 56-2006.