The Tennessee automobile insurance plan

(a) For the purposes of this section: Ask an insurance law question, get an answer ASAP!(1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.Month: means a calendar month. See Tennessee Code 1-3-105State: means any state, territory or possession of the United States, the District of Columbia, or any province of the Dominion of Canada. See Tennessee Code 55-12-102Venue: The geographical location in which a case is tried.written: includes printing, typewriting, engraving, lithography, and any other mode of representing words and letters. See Tennessee Code 1-3-105Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105(1) “Commissioner” means the commissioner of commerce and insurance; (2) “Department” means the department of commerce and insurance; and (3) “Plan” means the Tennessee automobile insurance plan. (b) (1) There is created a nonprofit, unincorporated legal entity to be known as the Tennessee automobile insurance plan. (2) All insurance companies licensed by the department to write direct automobile liability policies in this state shall be and remain members of the plan as a condition of the companies’ authority to transact insurance in this state. (3) The plan shall perform its functions under the plan of operation established and approved under subsection (e) and shall exercise its powers through the governing committee established under subsection (c). (c) (1) The governing committee of the plan shall consist of eleven (11) individuals serving terms as established in the plan of operation. The members of the governing committee shall be appointed by the commissioner in accordance with procedures set forth in the plan. Each member of the governing committee so selected shall represent an insurer licensed by the department to do business in this state, except that two (2) members of the governing committee shall be insurance producers licensed by the department. Vacancies on the governing committee shall be filled for the remaining period of the term in the same manner as initial appointments. (2) The members of the governing committee appointed under prior law and serving in that capacity on May 7, 2009, shall continue to serve on the governing committee for the purpose of forming the initial operating plan under subsections (d) and (e). Such members are eligible for reappointment to the governing committee upon approval of the initial operating plan by the commissioner. (3) In making appointments to the governing committee, the commissioner shall consider, among other factors, whether all member insurers are fairly represented. (d) (1) The plan shall: (A) At a minimum, in a manner fair to the insurers and equitable to their policyholders, apportion among the member insurers those applicants for automobile liability policies who are in good faith entitled to, but are unable to, procure automobile liability policies through ordinary methods. All insurance companies licensed by the department to write automobile liability insurance in this state shall subscribe to and participate in the plan; (B) Assess member insurers the amounts necessary to pay the obligations of the plan under this section; (C) Employ or retain persons who are necessary to handle claims and perform other duties required by the plan; (D) Negotiate and become a party to contracts that are necessary to carry out the purpose of this section; (E) Establish procedures whereby nominations for the governing committee will be submitted to the commissioner; and (F) Perform other acts that are necessary or proper to effectuate the purpose of this section. (2) With respect to any suit involving the plan: (A) Any action relating to or arising out of this section against the plan shall be brought in a court in this state. The court shall have exclusive jurisdiction over any action relating to or arising out of this section against the plan; and (B) Exclusive venue in any action brought against the plan is in the circuit or chancery court in Davidson County; provided, that the plan may waive such venue as to a specific action. (e) (1) The plan shall submit to the commissioner a plan of operation and any amendments to the plan of operation necessary or suitable to assure the fair, reasonable, and equitable administration of the plan. The plan of operation and any amendments to the plan of operation shall become effective upon approval in writing by the commissioner. (2) All member insurers shall comply with the plan of operation. (3) The plan of operation shall establish the procedures through which all the powers and duties of the plan under this section shall be performed. (4) The plan of operation may provide that any or all powers and duties of the plan shall be delegated to a corporation, association or other organization that perf