Tennessee Reminds Insurers to Report Fire Losses

Tennessee Reminds Insurers to Report Fire Losses

On October 31, 2022, the Tennessee Department of Commerce & Insurance (TDCI) issued a notice to remind insurance companies to submit the required annual report of all fire losses on property insured in Tennessee on or before February 1, 2023. The report should cover all losses between January 1, 2022 and December 31, 2022.

Pursuant to T. C. A. § 68-102-114 § 68-102-114, every fire insurance company transacting business in the state of Tennessee is required to report to the commissioner all fire losses on all property insured by such companies within the state, showing the owner and occupant of the premises burned, the date of fire, location, cause of fire, occupancy, amount of insurance, sound value of the property, and the amount of loss paid. 

The State Fire Marshal may contact insurance companies for additional data relating to the reports filed if the information reported is not sufficient or complete. 

Insurers can submit their reports directly to the Department by emailing Michelle.Price@tn.gov.