SB4208 - Tennessee - Consumer Protection, Insurance Companies, Agents, Brokers, Policies

Companion Bill HB4207. Insurance Companies, Agents, Brokers, Policies - Enacts the "Tennessee Unfair Trade Practices and Unfair Claims Settlement Act of 2009." - Amends TCA Title 56, Chapters 7 and 8. Fiscal Summary for SB4208 / *HB4207Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Bill Summary for SB4208 / *HB4207 This bill revises present law regarding insurance and unfair methods and practices. UNFAIR TRADE PRACTICES This bill defines and regulates "unfair trade practices" in the business of insurance which is similar to the present law definition of "unfair methods of competition and unfair or deceptive acts or practices" (unfair methods) under present law. The more significant differences between unfair trade practices under this bill and unfair methods under present law are [...]

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