Section 56-4-103 - Fraternal insurance companies to pay per diem fee and expense of annual valuation of policies

Any fraternal insurance societies or companies not subject to valuation fees as provided in § 56-4-101 shall pay a per diem fee and the expense of the actuary on each annual valuation in the same manner that insurance companies are required to pay fees and expenses to the examiner assigned by the commissioner, and the per diem fees and expenses shall not exceed the maximum compensation provided for the actuaries in § 56-1-207.Acts 1943, ch. 97, § 4; C. Supp. 1950, § 6459.43 (Williams, § 6459.46); impl. am. Acts 1971, ch. 137, § 2; T.C.A. (orig. ed.), § 56-403.