SB2902 - Tennessee: Insurance Companies, Agents, Brokers, Policies, Workers' Compensation

Companion Bill HB3699. Workers' Compensation - Authorizes commissioner of commerce and insurance to provide by rule for alternative system of securing self-insured employers' aggregate liabilities through self-insurers security fund. - Amends TCA Section 50-6-405. Fiscal Summary for *SB2902 / HB3699Increase State Expenditures - Not Significant Bill Summary for *SB2902 / HB3699 PRESENT LAW Present law requires every employer under and affected by the Workers' Compensation Law to: (1) Insure and keep insured the employer's workers' compensation liability in some person or persons, association, organization, or corporation authorized to transact the business of workers' compensation insurance in this state; or (2) Possess a valid certificate of authority from the commissioner of commerce and insurance by furnishing satisfactory [...]

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