ÿWPCj& …# VUNa %¯ 0 DµbùU> 0`? w@Ÿ 4ß ó 0ˆ 0DŠ 0JÎ 0T UPl 0^¼ 0h 0r‚ ô 0|ü 0†x 0þ 1uŽU, 0d/ D3“U,Æ Bò 0@U>O±U 6>B)tDC AMàU*-;Wé’»{6#Qv~tvÓò AOÅ$Æ% 0DÚ% D/& BM&˜HP LaserJet 4Si/4SiMX PS 600dpiPSCRIPTÀÌÀääÀÀÌ0 (ÖÃ9 Z ‹6Times New Roman RegularX(óf$¡¡Ò€°ÒÒÀ°Ò- ù-<èÀ( 9Z &Courier Regular(83‚ª$©©Ý ƒóf!ÝÒ€°ÒÒÀ°ÒÝ  Ý xDyz+e{D|U} P~D€Ó€ŠGav Ôô3|xŠ(8(3ß«$¤¤Ý ƒóf!ÝÒ€°ÒÒÀ°ÒÝ  Ýà Ø àòòÚ  Ú0Ú  Úóó(#Ã$òòÚ  Ú0Ú  Úóó2 ÿÿ0Indent1Ô2ÔÔ3  Ô2" ÿÿ0Indent2à0 àÔ2ÔÔ3  Ô&@FÐZ ‹8CaslonOpnface BT Regular2, ÿÿ0Indent3à0 àà0 àÔ2ÔÔ3  Ô26 ÿÿ0Indent4à0 àà0 àà0 àÔ2ÔÔ3  Ô2@ ÿÿ0Indent5à0 àà0 àà0 àà0 àÔ2ÔÔ3  Ô2J ÿÿ0Indent6à0 àà0 àà0 àà0 àà0 àÔ2ÔÔ3  Ô2T ÿÿ0Indent7à0 àà0 àà0 àà0 àà0 àà0 àÔ2ÔÔ3  Ô2^ ÿÿ0Indent8à0 àà0 àà0 àà0 àà0 àà0 àà0 àÔ2ÔÔ3  Ô ÿÿ?AGMSYaioIndent0I.A.1.a.(1)(a)i)a)< Œ 9p`(ModernP ÿÿ8Mac DefaultMac DefaultÓ ` °šXÓ,,,,'ÿÿdxd< Œ 9p`(Monaco d("ÿÿ$££Ò  ÒÒ  Ò< Œ 9p`(&Times New Roman §Ý ƒ!ÝÑ  ÑÑ#€d#ÑÔ€"ÔÔ€.ÔÒ € ÒÒ À ÒÝ  ÝÝ ƒ )ÝÝ  ÝÌÌÌ< Œ 9p`(Courier New% Line 7 d11117Border 1dd€-2Cþÿ << Gÿÿ< Œ 9p`(Arial 1Ý ƒ!ÝÑ  ÑÑ#€d#ÑÔ€"ÔÔ€.ÔÒ € ÒÒ À ÒÝ  ÝÔ€4ÔÔ€4ÔÓ  Óò òÔ YYY ÔFILEDÔ€4XÔÌÌAprilÏ22,Ï1996ÌÌCecilÏW.ÏCrowsonÌAppellateÏCourtÏClerkÔ  Ôó ó ßÝ ƒ!ÝÑ#€d#ÑÔ€"ÔÔ€.ÔÒ € ÒÒ À ÒÝ  ÝÝ ƒ$Ýà àòòÚ  ÚÚ  ÚóóÝ  ÝÔ€0ÔÔ€0ôÔà8 àA€"discovery€policy"€[claims€made€policy]€is€oneÏwherein€the€coverage€is€effective€if€theÏnegligent€or€omitted€act€is€discovered€andÏbrought€to€the€attention€of€the€insurer€withinÏthe€policy€term,€whereas€an€"occurrence€policy"Ïis€a€policy€in€which€the€coverage€is€effective€ifÏthe€negligent€act€or€omitted€act€occurs€withinÏthe€policy€period,€regardless€of€the€date€ofÏdiscovery€.€.€.€.ÌÌ6B€John€A.€and€Jean€Appleman,€Insurance€Law€and€Practice€ðð€4262€(RichardÏB.€Buckley,€rev.€ed.€1979).Ì ±Ý ƒ!ÝÑ#€d#ÑÔ€"ÔÔ€.ÔÒ € ÒÒ À ÒÝ  ÝÝ ƒ$Ýà àòòÚ  ÚÚ  ÚóóÝ  ÝÔ€0ÔÔ€0ôÔThe€designation€of€"receiver"€rather€than€"rehabilitator,"€òòseeóóÏTenn.€Code€Ann.€ðð€56„9„303,€or€"liquidator,"€òòseeóó€Tenn.€Code€Ann.€ðð€56„9„307€has€been€used€throughout€this€proceeding.€€Ì Ý ƒ!ÝÑ#€d#ÑÔ€"ÔÔ€.ÔÒ € ÒÒ À ÒÝ  ÝÝ ƒ$Ýà àòòÚ  ÚÚ  ÚóóÝ  ÝÔ€0ÔÔ€0ôÔòòSeeóó€Tenn.€Code€Ann.€ðð€56„9„308.Ì Ý ƒ!ÝÑ#€d#ÑÔ€"ÔÔ€.ÔÒ € ÒÒ À ÒÝ  ÝÝ ƒ$Ýà àòòÚ  ÚÚ  ÚóóÝ  ÝÔ€0ÔÔ€0ôÔHad€the€insured€been€able€to€purchase€what€is€known€as€"long€tailÏcoverage"€from€the€liquidated€insurance€company,€he€would€have€hadÏcoverage€for€incidents€not€reported€prior€to€the€termination€of€hisÏpolicy.€€Tail€coverage€allows€an€insured€to€report€a€medical€incidentÏafter€the€termination€of€his€policy.€€2€Rowland€H.€Long,€òòThe€Law€ofÏLiability€Insuranceóó€ðð€12.02€(1992).€The€notice€from€the€receiver€datedÏJuly24,€1992,€stated€specifically€that€"Although€the€policy€providesÏphysicians€the€option€of€electing€the€purchase€of€the€Extended€ReportingÏEndorsement€(tail),€because€of€the€liquidation,€this€option€is€notÏavailable."€€However,€the€insured€would€have€been€protected€had€he,€uponÏreceiving€notice€by€the€receiver,€purchased€a€"claims€made"€policy€orÏ"retroactive€coverage"€from€another€insurer.ÌPtPtHHÚ(ÿáÿâùFG(üHHÚ(d'@Styl{WP}01•ÃÃÃÃÃÃÃÃÃÃÃÃÃÃÃÃÃÃà Ãà Ãà Ãà Ãà ÃÃÃÃÃÃÃÃÃÃÃÐ ÐÐHHÐÐ  ÐÐ2ÐÐÿÿ¸æ$ÿÐÐHHÐÐÐÐÐÐÐÐ  ÐÐ ÐÐ ÐÑÑÑGenevaÑÑ ÑÑ € ÑÑ<Px–ÈÑÒÒÒ443!#4ÒÒ$ *$ÒÒ$*$ÒÒ ÿKK ÒÒ  Geneva ÒÒ  Geneva ÒÓ.,ÓÓÓÓ6ÓÓ ÓßßßßßßßßßßßßßßßßßßÑMonacoÑÑ ÑÒ  BA:Op Monaco ÒÒ  BA:Op Monaco Ò€-‚ƒCþÿ<< CÿÿƒLevel 1Level 2Level 3Level 4Level 5($$””ò òÚ  Ú1Ú  Úó ó„„'÷ÿ dxdüÿP PdÝ ƒ!ÝÔ . ÔÔ€"ÔÓ&€++X„d&ÓÑ#€++Xd#ÑÔ€.ÔÒ € ÒÒ À ÒÝ  ÝÑ , ÑÑ\R AØ'\ћрÑÑ7€ûiXXdÈdÈ7ÑÑ  ÑÖ€/֜Ԁ0Ôà àà àà àà àà àà àà àà àApril€22,€1996à àÌ›à àà àà àà àà àà àà àà àòòFORÏPUBLICATIONóóÌÌà@ àIN€THE€SUPREMEÏCOURT€OF€TENNESSEEÌÌÙ€€ÙœßL€352;+'h|Yÿ«` à. `€€Lß›à@ àAT€NASHVILLEÌÌÌÌÌSTATE€OF€TENNESSEE,€EX€REL.à à(ÌELAINE€A.€McREYNOLDS,à àà à(Ìà àà àà àà àà àà à(Ìà àPetitioner,à àà àà à(Ìà àà àà àà àà àà à(Ìà àà àà àà àà àà à(ÌVASUDEV€V.€KULKARNI,€M.D.,à à(Ìà àà àà àà àà àà à(€ÏDavidson€ChanceryÌà àà àà àà àà àà à(Ìà àAppellee,à àà àà àà à(€€Hon.ÏC.€Allen€High,Ìà àà àà àà àà àà à(€ÏChancellorÌà àà àà àà àà àà à(ÌÒ € ÒÒ h Òv.à àà àà àà àà àà à(€€AppealÏNo.€0lS01„9505„CH„00083Ìà àà àà àà àà àà à(Ìà àà àà àà àà àà à(ÌUNITED€PHYSICIANS€INSURANCEà à(ÌRISK€RETENTION€GROUP,à àà à(Ìà àà àà àà àà àà à(Ìà àRespondent,à àà àà à(Ìà àà àà àà àà àà à(Ìà àà àà àà àà àà à(Ìà àà àà àà àà àà à(ÌJEANNE€BARNES€BRYANT,€RECEIVER(ÌFOR€UNITED€PHYSICIANS€à àà à(ÌINSURANCE,à àà àà àà à(Ìà àà àà àà àà àà à(Ìà àAppellant.à àà àà à(ÌÌÌÌÌòòFor€Appellantóó:à àà àà àà à€€€€à àòòFor€Appelleeóó:ÌÌRenard€A.€Hirsch,€Sr.à àà àà àC.€J.€Gideon,€Jr.ÌGary€M.€Kellarà àà àà àà àà àJohn€T.€ReeseÌSmith€&€Hirschà àà àà àà àà àGideon€&€WisemanÌNashvilleà àà àà àà àà àà àNashvilleÌÌÌœ›Ìà@ àòòò òÔ€0èÔÔ€ÔO€P€I€N€I€O€NÔ€0ÔÔ€0XÔóóó óÌÌÌÌÌJUDGMENT€OF€COURT€OF€APPEALSÌREVERSED;€JUDGMENT€OF€TRIAL€COURTÌREINSTATED.à àà àà àà àà àà àà àREID,€J.ÌÒ € ÒÒ À ÒÓ` °‚X.h—XÓÓÓà àThis€case€presents€for€review€the€decision€of€theÏCourt€of€Appeals€nullifying€the€deadline€for€reporting€medicalÏincidents€fixed€by€the€receiver€during€the€liquidation€of€anÏinsolvent€insurance€company.€€This€Court€finds€that€theÏreceiver€was€authorized€by€statute€to€terminate€coverage€andÏthereby€reduce€the€time€allowed€for€complying€with€the€termsÏof€the€policy€regarding€notice,€and€€that€the€Court€of€AppealsÏerred€in€allowing€the€claim€for€which€notice€was€givenÏsubsequent€to€the€date€set.€€The€decision€of€the€Court€ofÍAppeals€is€reversed.ÌÌà àThis€case€arose€during€rehabilitation€and€subsequentÏliquidation€proceedings€of€the€United€Physicians€InsuranceÏRisk€Retention€Group€(UPI)€by€the€Commissioner€of€Commerce€andÏInsurance,€pursuant€to€the€Insurer's€Rehabilitation€andÏLiquidation€Act,€Tenn.€Code€Ann.€ðððð€56„9„101€to€56„9„510Ï(1994)€(the€Act).€€The€stated€purpose€of€the€Act€isÌÌÓÓà8 àthe€protection€of€the€interests€ofÏinsureds,€claimants,€creditors€and€theÏpublic€generally,€with€minimumÏinterference€with€the€normal€prerogativesÏof€the€owners€and€managers€of€insurers,€.Ï.€.€.ÌÌÌÌÓÓTenn.€Code€Ann.€ðð€56„9„101(d).€€One€statutory€means€ofÏaccomplishing€that€purpose€is:ÌÌÓÓà8 àProviding€for€a€comprehensive€scheme€forÏthe€rehabilitation€and€liquidation€ofÏinsurance€companies€and€those€subject€toÏthis€chapter€as€part€of€the€regulation€ofÏthe€business€of€insurance,€insuranceÏindustry€and€insurers€in€thisÏstate....ÌÌÌÌTenn.€Code€Ann.€ðð€56„9„101(d)(7).€€ÌÌÓÓÌà àThe€appellee,€Dr.Vasudev€V.€Kulkarni,€who€is€aÏphysician,€was€the€insured€under€a€policy€issued€by€UPIÏproviding€liability€coverage€for€medical€malpractice€claims.€ÏKulkarni€insists€that€the€claim€which€is€the€basis€of€thisÏcase€is€covered€by€the€policy€issued€by€UPI.€€Ms.€JeanneÏBarnes€Bryant,€receiver€for€UPI,€contends€that€the€claim€wasÏnot€filed€within€the€time€allowed€and,€therefore,€is€notÏcovered.€€Resolution€of€the€issue€requires€the€application€ofÏthe€terms€of€the€policy,€the€provisions€of€the€Act,€and€theÏnotice€given€by€the€receiver€to€the€sequence€of€significantÏevents.€€ÌÌà àOn€November30,€1991,€UPI€issued€to€Kulkarni€theÏmedical€malpractice€policy€under€which€the€claim€is€made.€€ItÏis€a€"discovery"€or€"claims€made"€policy€rather€than€anÏ"occurrence"€policy.× ƒ6 ××  ×€€The€policy€provided€coverage€for€claimsÍmade€from€January1,€1992,€to€January1,€1993,€arising€fromÏ"medical€incidents"€occurring€after€March31,€1987.€€ÌÌà àOn€December9,€1991,€within€the€retroactive€coverageÏperiod,€Kulkarni€treated€four„year„old€Tommie€L.€Gray,€III,€inÏa€hospital€emergency€room.€€This€treatment€was€the€basis€ofÏthe€subsequent€claim€on€behalf€of€Gray€that€KulkarniÏnegligently€failed€to€diagnosis€Gray's€condition€of€spinalÏmeningitis,€which€resulted€in€the€loss€of€the€patient's€legsÏand€other€disabilities.€€ÌÌà àOn€May1,€1992,€upon€petition€of€the€Commissioner€ofÏCommerce€and€Insurance,€the€Chancery€Court€of€Davidson€CountyÏentered€an€order€placing€UPI€in€receivership€for€the€purposeÍof€rehabilitation€and€appointed€the€appellant€receiver.× ƒ7 ××  ×€ÌÌà àOn€July16,€1992,€upon€petition€of€the€Commissioner,Ïthe€court€entered€an€order€requiring€that€UPI€be€liquidatedÏpursuant€to€the€Act.€€The€order€provided€"that€all€outstandingÏpolices€and€coverage€be€cancelled€on€August21,€1992,"€andÏthat€the€deadline€for€filing€claims€and€"proper€proof€thereof"Ïbe€July21,€1993.€€ÌÌà àOn€July24,€1992,€the€receiver€sent€a€notice€to€UPIÏpolicy€holders€including€Kulkarni,€advising€that€UPI€was€inÏliquidation€proceedings,€that€their€policies€were€cancelledÏeffective€August21,€1992,€and€that€all€"medical€incidents"Ïmust€be€reported€to€the€receiver€not€later€than€August25,Ï1992.€€ÌÌà àOn€August17,€1992,€another€notice€was€sent€by€theÏreceiver€to€Kulkarni€and€other€policy€holders€reminding€themÏthat€UPI€had€been€placed€in€receivership€on€July16,€1992,€andÍthat€their€policies€were€cancelled€as€of€August21,€1992.€€TheÏnotice€was€accompanied€by€a€proof€of€claim€form€and€theÏadmonition€from€the€receiver€that€proofs€of€claims€must€beÏfiled€by€July21,€1993,€and,€further,€that€"you€must€abide€byÏthe€written€notice€requirements€of€your€policy€in€order€toÏhave€a€valid€claim."€€ÌÌà àAugust21,€1992,€was€the€cancellation€date€forÏcoverage€under€all€outstanding€policies€subject€toÏcancellation,× ƒ8 ××  ×€which€included€medical€malpracticeÌpolicies.ÌÌà àAugust25,€1992,€was€the€date€designated€by€theÏreceiver€within€which€all€"medical€incidents"€were€required€toÏbe€reported€in€order€to€be€within€the€coverage€afforded€by€theÏpolicy.ÌÌà àIn€October1992,€Kulkarni€was€notified€by€counselÏfor€Gray€that€a€claim€for€malpractice€was€being€made€againstÏhim€based€on€his€treatment€of€Gray€on€December9,€1991.ÌÌà àOn€November17,€1992,€Gray's€attorney€gave€theÏreceiver€notice€of€the€claim.€€ÌÌà àOn€December28,€1992,€an€action€for€malpractice€wasÏfiled€against€Kulkarni€on€behalf€of€Gray.€€ÌÌà àOn€January19,€1993,€Kulkarni€filed€with€theÏreceiver€a€proof€of€claim€based€on€the€Gray€suit,€which€wasÏreceived€at€the€receiver's€office€on€January25,€1993.ÌÌà àBy€letter€dated€January26,€1993,€Kulkarni€wasÏnotified€that€his€claim€had€been€denied€because€he€failed€toÏreport€the€medical€incident€involving€Gray€by€August25,€1992.ÌÌà àKulkarni€filed€an€objection€to€the€denial,€asÏauthorized€by€the€Act.€€Tenn.€Code€Ann.€ðð€36„9„327.€€A€specialÏmaster€appointed€to€hear€the€matter€found€that€Kulkarni€hadÏnot€followed€the€required€procedure€and€denied€the€claim€ofÏcoverage.€€The€trial€court€affirmed€the€report€of€the€specialÏmaster.€€òòSeeóó€Tenn.€R.€Civ.€P.€53.04(2).€€The€Court€of€AppealsÍreversed,€finding€that€coverage€for€the€claim€should€not€beÏdenied.ÌÌà àThe€policy€on€which€the€claim€is€based€providedÏcoverage€for€claims€arising€from€medical€care€provided€by€theÏinsured€from€March€31,€1987,€to€January1,€1993.€ÏConsequently,€the€medical€care€provided€to€Gray€on€December9,Ï1991,€was€within€that€period€of€time€covered€by€the€policy.€€ÌÌà àHowever,€the€policy€required€as€a€condition€forÏcoverage€that€the€claim€be€made€during€the€policy€period€orÏthat€the€"medical€incident"€on€which€a€claim€is€based€beÏreported€during€the€policy€period.€€The€policy€provides:ÌÌÓ&` °‚X.hƒX› ’X&ÓÓÓà8 àIn€consideration€of€the€payment€ofÏpremium,€in€reliance€upon€the€statementsÏmade€on€the€Application€and€made€a€partÏhereof€and€subject€to€all€of€the€termsÏand€conditions€of€this€òòPolicyóó,€theÏòòCompanyóó€agrees€with€the€òòInsuredóó€asÏfollows:ÌÌà8 àTo€pay€all€sums€which€the€òòInsuredóó€shallÏbecome€legally€obligated€to€pay€asÏòòDamagesóó,€subject€to€the€terms,Ïconditions,€exclusions€and€limits€of€theÏòòPolicyóó,€because€of€a€òòMedical€IncidentóóÏwhich€occurred€while€the€òòInsuredóó€wasÍrendering€òòProfessional€Serviceóó€during€theòòÏPolicy€Periodóó€and€for€which€òòClaimóó€isÏfirst€made€against€the€òòInsuredóó€andÏreported€to€the€òòCompanyóó€during€the€òòPolicyÏPeriodóó.€.€.€.€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€Ó` °‚X.h—XÓÌÌÌÓÓ"Medical€incident"€and€"claim"€are€defined€in€the€policy€asÏfollows:ÌÌÓÓà8 à"MEDICAL€INCIDENT"€means€any€act€orÏomission€which€could€or€did€result€inÏbodily€injury,€sickness,€disease€or€deathÏto€one€or€more€persons€for€which€damagesÏor€services€are€òòor€may€reasonably€beÏexpected€to€be€soughtóó€against€[an]ÏInsured.ÌÌà8 à"CLAIM"€means€a€demand€upon€the€InsuredÏfor€damages€or€services€as€a€result€ofÏmedical€services€provided€or€which€shouldÏhave€been€provided€by€the€Insured.ÌÌÌÌÓÓ(Emphasis€added.)€€The€important€difference€between€a€medicalÏincident€and€a€claim€is€stated€in€the€policy€as€follows:ÌÌÓÓà8 àASSISTANCE€AND€COOPERATION€OF€INSURED:€ÏThe€òòInsuredóó€shall€give,€by€written€noticeÏto€the€òòCompanyóó,€information€regarding€anyÏòòclaimóó€made€against€the€òòInsuredóó€or€òòof€anyÏspecific€circumstances€involving€aÏparticular€person€likely€to€result€in€aÏòòclaimóóóó.€€The€notice€shall€identify€theÏòòInsuredóó€and€the€òòclaimant(s)óó€orÍprospective€òòclaimant(s)óó€and€containÏreasonably€obtainable€information€withÏrespect€to€time,€place€and€circumstancesÏof€the€alleged€òòinjuryóó,€including€theÏnames€and€addresses€of€availableÏwitnesses€and€the€nature€and€scope€of€theÏòòclaimóó€anticipated.€€If€a€òòclaimóó€is€made€orÏòòsuitóó€is€brought€against€the€òòInsured,óó€theÏòòInsuredóó€shall€immediately€forward€to€theÏòòCompanyóó€every€letter,€demand,€notice,Ïsummons,€or€other€process€received€by€theÏòòInsuredóó€or€the€òòInsured'sóó€representative.€ÏThe€òòInsuredóó€shall€comply€with€allÏprovisions€in€SectionIII.ÌÌÌÌ(Emphasis€added.)ÌÌÌÌÓÓà àThe€parties€agree€that€notice€of€the€insured'sÏclaim,€though€made€within€the€time€designated€by€theÏliquidation€order€for€"proof€of€claims,"€was€not€made€prior€toÏAugust21,€1992,€the€date€coverage€was€terminated€by€the€orderÏof€liquidation;€nor€was€it€made€prior€to€August€25,€1992,€theÏdate€set€by€the€receiver€for€reporting€medical€incidents.ÏHowever,€the€policy€provides€that€"[f]ormal€reports€of€òòmedicalÏincidentóó€made€by€the€Insured€to€the€Company€.€.€.€shall€beÏconsidered€notice€of€claim."€€(Emphasis€added.)€€The€issue,Ïthen,€is€whether€the€insured€reported€the€"medical€incident,"Ïhis€treatment€of€Gray,€during€the€"policy€period."€€KulkarniÍcontends€that€the€policy€period€expired€on€January1,€1993,Ïthe€original€expiration€date€of€the€policy€and€that€notice€byÏGray's€attorney€on€November€17,€1992€was€sufficient.€€TheÏreceiver€insists€that€notice€was€required€to€be€given€notÏlater€than€August25,€1992,€four€days€after€coverageÏterminated€and€the€date€set€by€the€receiver€pursuant€to€theÏorder€of€liquidation.€€If€the€receiver's€contention€isÏcorrect,€the€claim€is€barred,€because€no€notice€of€a€claim€orÏa€medical€incident€was€given€within€the€time€allowed€by€theÏreceiver's€order.× ƒ9 ××  ×€€ÌÌà àThe€receiver's€letter€dated€July24,€1992,€statedÏthat€all€medical€incidents€must€be€reported€to€the€receiverÏnot€later€than€August25,€1992.€€The€receiver's€letter€datedÍAugust17,€1992,€admonished€the€policyholder€that€"you€mustÏabide€by€the€written€notice€requirements€of€your€policy."€ÏSince€the€medical€incident€was€not€reported€within€the€timeÏallowed€by€the€policy€period€as€limited€by€the€order€ofÏliquidation€or€as€stated€in€the€notice€given€by€the€receiver,Ïthe€claim€is€barred,€if€the€action€by€the€court€and€theÏreceiver€is€authorized€by€the€Act.€€ÌÌà àThe€holding€of€the€Court€of€Appeals€that€the€trialÏcourt€had€the€authority€to€terminate€coverage€but€not€theÏauthority€to€reduce€the€time€for€filing€notice€of€medicalÏincidents,€is€not€consistent€with€the€statutory€grant€of€broadÏpowers€and€discretion€to€the€receiver.€€òòSeeóó€Tenn.€Code€Ann.€ððððÏ56„9„308(a);€56„9„310€and€56„9„311.€€€The€practical€effect€ofÏthe€Court€of€Appeals'€finding€that€notice€could€be€given€atÏany€time€within€the€original€policy€period€would€result€in€aÏdifferent€reporting€deadline€for€each€claim,€depending€uponÏthe€expiration€date€of€each€policy,€and€a€piecemeal€andÏprotracted€processing€of€claims€inconsistent€with€the€Act'sÏstated€principles€of€efficiency,€economy,€and€equity.€€òòSeeóóÏTenn.€Code€Ann.€ðð€56„9„101.€€Statutory€authority€to€terminateÍcoverage€implicitly€authorizes€the€receiver€to€require€theÏperformance€within€the€shortened€coverage€period€of€all€acts,Ïincluding€submitting€notice€of€a€medical€incident,€which,€byÏthe€terms€of€the€policy,€must€be€performed€during€the€coverageÏperiod.ÌÌà@ àòòò òConclusionóóó óÌÌà àThe€notice€requirement€imposed€by€the€receiver€wasÏauthorized€by€the€Act€and€the€order€of€liquidation;Ïconsequently,€because€Kulkarni€failed€to€comply€with€thatÏrequirement,€the€claim€is€barred,€and€the€claim€was€properlyÏdenied€by€the€receiver.ÌÌà àThe€decision€of€the€Court€of€Appeals€is€reversed,Ïand€the€judgment€of€the€trial€court€is€reinstated.ÌÌÌÌÌÌ̛̜à àCosts€are€taxed€against€the€appellee,€Dr.Kulkarni,Ïfor€which€execution€may€issue.ÌÌÓÓà àà àà àà àà à___________________________Ìà àà àà àà àà àReid,€J.ÌÌÌConcur:ÌÌAnderson,€C.J.,€Drowota€and€White,ÌJJ.ÌÌBirch,€J.€„€Not€participating.ÌÌ