# Tenn. Code Ann. § 56-12-106: Board of directors - Selection - Qualifications - Expenses

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C12_S56-12-106

## Section

- **Citation:** Tenn. Code Ann. § 56-12-106
- **Heading:** Board of directors - Selection - Qualifications - Expenses
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 56 / Chapter 12 / Section 56-12-106

## Text

(a) The board of directors of the association shall consist of five (5) persons serving terms as established in the plan of operation. The members of the board shall be selected by the commissioner. Each board member so selected shall be a resident of this state and shall represent a company licensed to do business in this state. The last two (2) members of the board shall be an officer or employee of domestic insurance companies. Vacancies on the board shall be filled for the remaining period of the term in the same manner as initial appointments. (b) In making selections to the board, the commissioner shall consider, among other things, whether all member insurers are fairly represented. (c) Members of the board may be reimbursed from the assets of the association for expenses incurred by them as members of the board of directors. Acts 1971, ch. 180, § 6; T.C.A., § 56-4006.
(a) The board of directors of the association shall consist of five (5) persons serving terms as established in the plan of operation. The members of the board shall be selected by the commissioner. Each board member so selected shall be a resident of this state and shall represent a company licensed to do business in this state. The last two (2) members of the board shall be an officer or employee of domestic insurance companies. Vacancies on the board shall be filled for the remaining period of the term in the same manner as initial appointments.
(b) In making selections to the board, the commissioner shall consider, among other things, whether all member insurers are fairly represented.
(c) Members of the board may be reimbursed from the assets of the association for expenses incurred by them as members of the board of directors.
Acts 1971, ch. 180, § 6; T.C.A., § 56-4006.

## 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_S56-12-106. Check the current official text before relying on it. Not legal advice.