TIGA

TIGA was created in 1971. Our mission is to provide a safety-net on specific statutorily defined claims and claims for unearned premiums, for Tennessee companies and residents who purchase insurance from an insurance company licensed in the state of Tennessee... TIGA is managed on a day-to-day basis by an Executive Secretary who reports to a five person board of directors. The board, which is representative of member companies, sets the policy for TIGA. Through a close relationship with the Tennessee Department of Commerce and Insurance, the Commissioner is kept informed of the activities of TIGA on a regular basis... TIGA is a not for profit unincorporated association created "to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders because of the insolvency of an insurer, and to provide an association to assess the cost of such protection among insurers.

Also known as: Tennessee Insurance Guaranty Association

Primary location: Nashville United States