Insurance companies doing business in the State of Tennessee are considered “Members” of the Tennessee Insurance Guaranty Association. These companies are assessed based on the instructions laid out in the Tennessee Statutes. Assessments are made based on lines of business.
Line 33:
The National Association of Insurance Commissioners (“NAIC”) notifies TIGA annually of the net direct premiums on lines of business for active insurance companies doing business in Tennessee. Annually, members may receive a letter from TIGA requesting clarification of Line 33 amounts reported.
For Line 33 items that are EXCLUDED from assessments, see statute T.C.A. 56-12-103:
Information Regarding Assessments:
2023 – On 4/28/2023, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2022 – On 5/26/2022, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2021 – On 10/20/2021, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2021 – On 5/11/2021, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2020 – On 11/19/2020, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2020 – On 5/21/2020, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2019 – On 11/21/2019, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2019 – On 5/29/2019, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2018 – On 11/26/2018, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2017 – On 11/06/2017, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2016 – On 11/22/2016, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2015 – On 11/18/2015, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2014 – On 11/25/2014, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2014 – On 05/28/2014, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2013 – On 11/26/2013, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2012 – On 11/19/2012, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2011 – On 11/22/2011, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2010 – On 11/22/2010, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2009 – On 11/16/2009, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2008 – On 11/12/2008, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2007 – On 11/30/2007, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2006 – On 11/28/2006, the Board of Directors of TIGA decided that NO ASSESSMENT would be necessary for this year.
2005 – On 10/13/2005, TIGA assessed a 2% Workers Compensation fee to member companies.
2004 – On 11/18/2004, TIGA assessed a 2% Workers Compensation fee to member companies.
2003 – On 9/19/2003, the Board of Directors of TIGA approved a 2% Workers Comp assessment to member companies. This percentage is applied to 2002 net direct premiums. Insolvencies=Legion, Villanova, Reciprocal of America, Millers, Western Indemnity, Home. For tax credit premium information follow this link: TAX Credit
2002 – Levied on 11/15/2002, Insolvency=Reliance, WC line only at 2% of net direct premiums
2001 – Levied on 11/5/2001, Insolvencies=Credit General, International Indemnity, Acceleration National, Reliance, WC line at 2% of net direct premiums, Other at 1% of net direct premiums
2000 – Levied on 12/28/2000, Insolvency=Commercial Compensation, WC line only at 2% of net direct premiums.
Credit against premium tax T.C.A. §56-12-119 Allows member companies to take a credit of up to 25% of the net premium taxes due in any one calendar year.
Contact the Tennessee Department of Commerce & Insurance as to timing and other questions about tax offsets.