# Tenn. Code Ann. § 56-12-102: Purpose

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-102

## Section

- **Citation:** Tenn. Code Ann. § 56-12-102
- **Heading:** Purpose
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 56 / Chapter 12 / Section 56-12-102

## Text

The purpose of this part is to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders because of the insolvency of an insurer, and to provide an association to assess the cost of the protection among insurers. Acts 1971, ch. 180, § 2; T.C.A., § 56-4002.
The purpose of this part is to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders because of the insolvency of an insurer, and to provide an association to assess the cost of the protection among insurers.
Acts 1971, ch. 180, § 2; T.C.A., § 56-4002.

## Nearby sections

- [Tenn. Code Ann. § 56-12-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-101.md)
- [Tenn. Code Ann. § 56-12-102 Purpose](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-102.md)
- [Tenn. Code Ann. § 56-12-103 Scope](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-103.md)
- [Tenn. Code Ann. § 56-12-104 Part definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-104.md)
- [Tenn. Code Ann. § 56-12-105 Creation of association](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-105.md)
- [Tenn. Code Ann. § 56-12-106 Board of directors - Selection - Qualifications - Expenses](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-106.md)
- [Tenn. Code Ann. § 56-12-107 Powers and duties of association](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-107.md)
- [Tenn. Code Ann. § 56-12-108 Plan of operation - Requirements of plan - Delegation of authority](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-108.md)
- [Tenn. Code Ann. § 56-12-109 Powers and duties of commissioner - Judicial review](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-109.md)
- [Tenn. Code Ann. § 56-12-110 Effect of paid claims - Rights of association - Subrogation - Priorities - Statements](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-110.md)
- [Tenn. Code Ann. § 56-12-111 Nonduplication of recovery - Exhaustion of other remedies](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-111.md)
- [Tenn. Code Ann. § 56-12-112 Reports by board](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-112.md)
- [Tenn. Code Ann. § 56-12-113 Examination of the association - Annual financial report](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-113.md)
- [Tenn. Code Ann. § 56-12-114 Tax and fees exemption](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-102. Check the current official text before relying on it. Not legal advice.