All domestic stock casualty, mutual casualty and reciprocal companies will report losses net of salvage and subrogation recoverable on paid and unpaid losses. Salvage and subrogation on paid and unpaid losses will not be included as admitted assets on any quarterly or annual financial statements until such salvage and subrogation has been reduced to cash or its equivalent.
Tenn. Comp. R. & Regs. 0780-01-39-.01
Authority: T.C.A. § 56-1-501.