§ 56-6-406. Administrator's duties as fiduciary.

TN Code § 56-6-406 (2019) (N/A)
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(1) Remittance to an insurer entitled to the remittance;

(2) Deposit in an account maintained in the name of the insurer;

(3) Transfer to and deposit in a claims paying account, with claims to be paid as provided in § 56-6-407;

(4) Payment to a group policyholder for remittance to the insured entitled to the remittance;

(5) Payment to the administrator of its commission, fees or charges; or

(6) Remittance of return premiums to the person or persons entitled to the remittance.