HB2680 - Tennessee - Financial Responsibility Law

Companion Bill SB2855. Financial Responsibility Law - Increases required minimum coverage limits. - Amends TCA Title 55, Chapter 12, Part 1. Fiscal Summary for *HB2680 / SB2855State Revenue - Net Impact - Not Significant Increase State Expenditures - Not Significant Local Govt. Revenue - Net Impact - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for *HB2680 / SB2855 Under present law, to be considered compliant with the Tennessee Financial Responsibility Law regarding coverage for motor vehicle accidents, a person must have: (1) A written proof of liability insurance coverage provided by a single limit policy with a limit of not less than $60,000 applicable to one accident; (2) A split-limit policy with a limit of not less than $25,000 for bodily injury to or death of one person,[...]

show full description