# Tenn. Code Ann. § 56-1-102: Definitions for this chapter, chapters 2-4, 7, 10 and 11 of this title > Tennessee · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C1_S56-1-102 ## Section - **Citation:** Tenn. Code Ann. § 56-1-102 - **Heading:** Definitions for this chapter, chapters 2-4, 7, 10 and 11 of this title - **Jurisdiction:** Tennessee - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** TN Code / Title 56 / Chapter 1 / Section 56-1-102 ## Text As used in this chapter and chapters 2-4, 7, 10 and 11 of this title, unless the context otherwise requires: (1) "Commissioner" means the commissioner of commerce and insurance; (2) "Company" or "insurance company" includes all corporations, associations, partnerships, or individuals engaged as principals in the business of insurance; (3) "Department" means the department of commerce and insurance; (4) "Domestic" designates those companies incorporated in this state; (5) "Foreign," when used without limitation, includes all companies formed by authority of any other state or government; (6) "Net assets" means the funds of an insurance company available for the payment of its obligations in this state, including uncollected and deferred premiums not more than three (3) months due on policies actually in force, after deducting from the funds all unpaid losses and claims, and claims for losses, and all other debts and liabilities, inclusive of policy liability and exclusive of capital; (7) "TennCare health benefit plan" has the same meaning as defined in § 71-5-171; and (8) "Unearned premiums," "reinsurance reserve," and "net value of policies" or "premium reserve," severally, mean the liability of an insurance company upon its insurance contracts, other than accrued claims computed by rules of valuation established by [former] § 56-1-402 [repealed], [former] § 56-1-403 [repealed], §§ 56-1-404 , 56-1-405 [see the Compiler's Notes]. Amended by 2024 Tenn. Acts, ch. 949,s 2, eff. 7/1/2024. Acts 1895, ch. 160, § 1; Shan., § 3274; Code 1932, § 6084; modified; T.C.A. (orig. ed.), § 56-102. As used in this chapter and chapters 2-4, 7, 10 and 11 of this title, unless the context otherwise requires: (1) "Commissioner" means the commissioner of commerce and insurance; (2) "Company" or "insurance company" includes all corporations, associations, partnerships, or individuals engaged as principals in the business of insurance; (3) "Department" means the department of commerce and insurance; (4) "Domestic" designates those companies incorporated in this state; (5) "Foreign," when used without limitation, includes all companies formed by authority of any other state or government; (6) "Net assets" means the funds of an insurance company available for the payment of its obligations in this state, including uncollected and deferred premiums not more than three (3) months due on policies actually in force, after deducting from the funds all unpaid losses and claims, and claims for losses, and all other debts and liabilities, inclusive of policy liability and exclusive of capital; (7) "TennCare health benefit plan" has the same meaning as defined in § 71-5-171; and (8) "Unearned premiums," "reinsurance reserve," and "net value of policies" or "premium reserve," severally, mean the liability of an insurance company upon its insurance contracts, other than accrued claims computed by rules of valuation established by [former] § 56-1-402 [repealed], [former] § 56-1-403 [repealed], §§ 56-1-404 , 56-1-405 [see the Compiler's Notes]. Amended by 2024 Tenn. Acts, ch. 949,s 2, eff. 7/1/2024. Acts 1895, ch. 160, § 1; Shan., § 3274; Code 1932, § 6084; modified; T.C.A. (orig. ed.), § 56-102. ## Nearby sections - [Tenn. Code Ann. § 56-1-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C1_S56-1-101.md) - [Tenn. Code Ann. § 56-1-102 Definitions for this chapter, chapters 2-4, 7, 10 and 11 of this title](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C1_S56-1-102.md) - [Tenn. Code Ann. § 56-1-103 Adoption of data disclosure requirements - Requests for data concerning rate adjustments](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C1_S56-1-103.md) - [Tenn. Code Ann. § 56-1-104 Standardized forms for health care insurance claims](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C1_S56-1-104.md) - [Tenn. Code Ann. § 56-1-105 Exclusion of types of insurance from specific insurance definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C1_S56-1-105.md) - [Tenn. Code Ann. § 56-1-106 Requests for information regarding complaints - Time limits - Exceptions - Penalties](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C1_S56-1-106.md) - [Tenn. Code Ann. § 56-1-107 Authority to query the TBI's criminal history records system](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C1_S56-1-107.md) - [Tenn. Code Ann. § 56-1-108 Study of impediments to insurance for use of justifiable force](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C1_S56-1-108.md) - [Tenn. Code Ann. § 56-1-109 License of person in default on student loans](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C1_S56-1-109.md) - [Tenn. Code Ann. § 56-1-110 Claims to be brought in chancery court of Davidson county](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C1_S56-1-110.md) - [Tenn. Code Ann. § 56-1-111 Chronic weight management task force](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C1_S56-1-111.md) - [Tenn. Code Ann. § 56-1-201 Creation of department of commerce and insurance](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C1_S56-1-201.md) - [Tenn. Code Ann. § 56-1-202 Commissioner head of department](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C1_S56-1-202.md) - [Tenn. Code Ann. § 56-1-203 Commissioner not to be financially interested in insurance corporations](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C1_S56-1-203.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C1_S56-1-102. Check the current official text before relying on it. Not legal advice.