HB2232 - Tennessee: Commerce And Insurance, Dept. Of, Insurance Companies, Agents, Brokers, Policies

Companion Bill SB2169. Commerce and Insurance, Dept. of - Authorizes the commissioner to assess a civil penalty of up to $1,000 per violation, not to exceed $100,000, against an insurance company for each separate violation of a statute, rule, or order, unless another civil penalty amount is specifically provided for in the applicable statute, rule, or order; amount of authorized penalty increased to $25,000 per violation, not to exceed $250,000, when person knowingly violated statute, rule, or order. - Amends TCA Title 56, Chapter 2, Part 3. Fiscal Summary for *HB2232 / SB2169Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Bill Summary for *HB2232 / SB2169 ON MAY 16, 2007, THE SENATE ADOPTED AMENDMENTS #1 AND #2 AND PASSED SENATE BILL 2169, AS AMENDED. AMENDMENT #1 revises the monetary penalty [...]

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