# Tenn. Code Ann. § 56-12-105: Creation of association

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-105

## Section

- **Citation:** Tenn. Code Ann. § 56-12-105
- **Heading:** Creation of association
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 56 / Chapter 12 / Section 56-12-105

## Text

(a) There is created a nonprofit unincorporated legal entity to be known as the Tennessee insurance guaranty association. (b) All insurers defined as member insurers shall be and remain members of the association as a condition of their authority to transact insurance in this state. (c) The association shall perform its functions under a plan of operation established and approved under § 56-12-109 and shall exercise its powers through a board of directors established under § 56-12-107 . (d) For purposes of assessment, and the maintenance of records, the association shall be divided into two (2) separate accounts as follows: (1) The workers' compensation insurance account; and (2) The account for all other insurance to which this part applies. Acts 1971, ch. 180, § 5; T.C.A., § 56-4005.
(a) There is created a nonprofit unincorporated legal entity to be known as the Tennessee insurance guaranty association.
(b) All insurers defined as member insurers shall be and remain members of the association as a condition of their authority to transact insurance in this state.
(c) The association shall perform its functions under a plan of operation established and approved under § 56-12-109 and shall exercise its powers through a board of directors established under § 56-12-107 .
(d) For purposes of assessment, and the maintenance of records, the association shall be divided into two (2) separate accounts as follows: (1) The workers' compensation insurance account; and (2) The account for all other insurance to which this part applies.
(1) The workers' compensation insurance account; and
(2) The account for all other insurance to which this part applies.
Acts 1971, ch. 180, § 5; T.C.A., § 56-4005.

## 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_S56-12-105. Check the current official text before relying on it. Not legal advice.