State of Tennessee, Ex Rel. Anne. B. Pope v. United States Fire Insurance Company, et al.

We granted permission to appeal pursuant to Rule 11 of the Tennessee Rules of Appellate Procedure to determine whether the liability of a surety company that issues bonds to self-insured employers under Tennessee Code Annotated section 50-6-405(b) is limited to the penal amount listed on the face of each bond. Because section 50-6-405(b) requires that bonds be of a single, continuous term, we conclude that a surety company’s liability is limited to the penal amount on the face of the bonds. Accordingly, we affirm the judgment of the Court of Appeals.