# Tenn. Code Ann. § 55-12-110: Proof of damages sustained - Determination of amount of financial security required

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T55_C12_S55-12-110

## Section

- **Citation:** Tenn. Code Ann. § 55-12-110
- **Heading:** Proof of damages sustained - Determination of amount of financial security required
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 55 / Chapter 12 / Section 55-12-110

## Text

(a) Any party who has suffered damages as a result of an accident may submit to the commissioner an affidavit or an accident report showing thereon the amount of damages suffered. The affidavit or accident report, when properly executed, shall, for the purpose of this chapter, be accepted by the commissioner as satisfactory evidence to indicate the amount of actual damages, unless evidence to the contrary is received, in which case the commissioner shall, for the purposes of this chapter, determine the damages from written evidence submitted to the commissioner. (b) In no case shall security be required that is greater in amount than that specified in § 55-12-102 , and in no event shall this security be in an amount less than five hundred dollars ($500). (c) In any case where the amount of security required in this section is questioned by any party required to deposit security, that party shall deposit security in the maximum amount as designated in subsection (b) until the amount of actual damages suffered is determined by a final judgment of a court of competent jurisdiction. Acts 1977, ch. 446, § 10; T.C.A., § 59-1260; Acts 1983, ch. 53, § 5.
(a) Any party who has suffered damages as a result of an accident may submit to the commissioner an affidavit or an accident report showing thereon the amount of damages suffered. The affidavit or accident report, when properly executed, shall, for the purpose of this chapter, be accepted by the commissioner as satisfactory evidence to indicate the amount of actual damages, unless evidence to the contrary is received, in which case the commissioner shall, for the purposes of this chapter, determine the damages from written evidence submitted to the commissioner.
(b) In no case shall security be required that is greater in amount than that specified in § 55-12-102 , and in no event shall this security be in an amount less than five hundred dollars ($500).
(c) In any case where the amount of security required in this section is questioned by any party required to deposit security, that party shall deposit security in the maximum amount as designated in subsection (b) until the amount of actual damages suffered is determined by a final judgment of a court of competent jurisdiction.
Acts 1977, ch. 446, § 10; T.C.A., § 59-1260; Acts 1983, ch. 53, § 5.

## 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_S55-12-110. Check the current official text before relying on it. Not legal advice.