# Tenn. Code Ann. § 55-12-107: Minimum requirements of insurance policy or bond for security - Acceptable proof of existence of insurance or bond

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T55_C12_S55-12-107

## Section

- **Citation:** Tenn. Code Ann. § 55-12-107
- **Heading:** Minimum requirements of insurance policy or bond for security - Acceptable proof of existence of insurance or bond
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 55 / Chapter 12 / Section 55-12-107

## Text

(a) No policy or bond shall be effective under § 55-12-106 , unless issued by an insurance company or surety company licensed to do business in this state, except as provided in subsection (b), and unless the policy or bond provides security not less than the amounts specified in § 55-12-102 . (b) No policy or bond shall be effective under § 55-12-106 with respect to any motor vehicle that was not registered in this state or that was registered elsewhere as of the effective date of the policy or bond or the most recent renewal thereof, unless the policy or bond executes a power of attorney authorizing the commissioner to accept service on its behalf of notice or process of any action upon the policy or bond arising out of the accident. (c) The commissioner may rely upon the accuracy of the information in the report of an accident as to the existence of insurance or a bond unless and until the commissioner has reason to believe that the information is erroneous. Acts 1977, ch. 446, § 7; T.C.A., § 59-1257; Acts 1983, ch. 53, § 4.
(a) No policy or bond shall be effective under § 55-12-106 , unless issued by an insurance company or surety company licensed to do business in this state, except as provided in subsection (b), and unless the policy or bond provides security not less than the amounts specified in § 55-12-102 .
(b) No policy or bond shall be effective under § 55-12-106 with respect to any motor vehicle that was not registered in this state or that was registered elsewhere as of the effective date of the policy or bond or the most recent renewal thereof, unless the policy or bond executes a power of attorney authorizing the commissioner to accept service on its behalf of notice or process of any action upon the policy or bond arising out of the accident.
(c) The commissioner may rely upon the accuracy of the information in the report of an accident as to the existence of insurance or a bond unless and until the commissioner has reason to believe that the information is erroneous.
Acts 1977, ch. 446, § 7; T.C.A., § 59-1257; Acts 1983, ch. 53, § 4.

## Nearby sections

- [Tenn. Code Ann. § 55-12-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_TN_T55_C12_S55-12-101.md)
- [Tenn. Code Ann. § 55-12-102 Part definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T55_C12_S55-12-102.md)
- [Tenn. Code Ann. § 55-12-103 Administration - Enforcement - Rules and regulations - Appeals - Judicial review](https://www.frixlaw.com/law-library/statutes/STATE_TN_T55_C12_S55-12-103.md)
- [Tenn. Code Ann. § 55-12-104 Report of accident required - Suspension of registration or operating privileges for failure to report - Restoration - Access to information](https://www.frixlaw.com/law-library/statutes/STATE_TN_T55_C12_S55-12-104.md)
- [Tenn. Code Ann. § 55-12-105 Security deposit following accident - Acceptable proof of financial security - Revocation of registration or operating privileges for failure to deposit security - Notice - Appeal](https://www.frixlaw.com/law-library/statutes/STATE_TN_T55_C12_S55-12-105.md)
- [Tenn. Code Ann. § 55-12-106 Exceptions to requirement of security and revocation - Additional acceptable proof of financial security](https://www.frixlaw.com/law-library/statutes/STATE_TN_T55_C12_S55-12-106.md)
- [Tenn. Code Ann. § 55-12-107 Minimum requirements of insurance policy or bond for security - Acceptable proof of existence of insurance or bond](https://www.frixlaw.com/law-library/statutes/STATE_TN_T55_C12_S55-12-107.md)
- [Tenn. Code Ann. § 55-12-108 Duration of suspension or revocation for failure to report accident or deposit security - Restoration - Determination of fault inadmissible in court of law](https://www.frixlaw.com/law-library/statutes/STATE_TN_T55_C12_S55-12-108.md)
- [Tenn. Code Ann. § 55-12-109 Report of suspension or revocation of nonresident's operating privileges - Revocation or suspension of resident's registration and operating privileges for accidents in other states - Restoration](https://www.frixlaw.com/law-library/statutes/STATE_TN_T55_C12_S55-12-109.md)
- [Tenn. Code Ann. § 55-12-110 Proof of damages sustained - Determination of amount of financial security required](https://www.frixlaw.com/law-library/statutes/STATE_TN_T55_C12_S55-12-110.md)
- [Tenn. Code Ann. § 55-12-111 Self-insurers](https://www.frixlaw.com/law-library/statutes/STATE_TN_T55_C12_S55-12-111.md)
- [Tenn. Code Ann. § 55-12-112 Custody of security - Payment of judgments - Return of deposit](https://www.frixlaw.com/law-library/statutes/STATE_TN_T55_C12_S55-12-112.md)
- [Tenn. Code Ann. § 55-12-113 "Conviction" defined](https://www.frixlaw.com/law-library/statutes/STATE_TN_T55_C12_S55-12-113.md)
- [Tenn. Code Ann. § 55-12-114 Suspension of all registrations upon suspension or revocation of license - Restoration fee - Exception upon filing proof of financial responsibility - Release - Compliance by Tennessee resident moving to or returning from another state](https://www.frixlaw.com/law-library/statutes/STATE_TN_T55_C12_S55-12-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T55_C12_S55-12-107. Check the current official text before relying on it. Not legal advice.