Top Law and Government Legislation regarding 'Insurance Companies, Agents, Brokers, Policies' in Tennessee

Companion Bill HB4203. Insurance Companies, Agents, Brokers, Policies - Revises various provisions of the Tennessee Insurance Producer Licensing Act including provisions governing unfair trade practices for insurance producers and provisions governing continuing education. - Amends TCA Title 56, Chapter 6, Part 1. Fiscal Summary for SB4203 / *HB4203Increase State Expenditures - $3,400/Incarceration* Other Fiscal Impact - Changing the license renewal date for insurance producers from every two years on the anniversary date in which the license was issued to the last day of the producers birth month could result in a shift of revenue from one collection month to another. However, the net impact of such shift is estimated to be not significant on the collection of license fees to the Department of Commerce and Insurance. Bill Summary for SB4203 / *HB4203 [...]

show full description

Companion Bill SB3851. Insurance Companies, Agents, Brokers, Policies - Enacts the "Guaranteed Asset Protection Waiver Act of 2008." - Amends TCA Title 56. Fiscal Summary for HB3671 / *SB3851Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Bill Summary for HB3671 / *SB3851 This bill clarifies that a guaranteed asset protection waiver (GAP waiver) is not insurance and is not subject to the insurance laws of Tennessee. "GAP waiver" means a contractual agreement in which a creditor, including a motor vehicle dealer, lessor, or retail installment seller, agrees, for a separate charge, to cancel or waive all or part of the amounts due on a borrower's finance agreement in the event of a total physical damage loss or unrecovered theft of a motor vehicle, including an automobile, recreational vehicle, camper, boat,[...]

show full description

Companion Bill SB4076. CoverTN - Requires the department of finance and administration to develop guidelines for county governments to enroll in the Cover Tennessee program. - Amends TCA Title 56. Fiscal Summary for *HB4025 / SB4076MINIMAL Bill Summary for *HB4025 / SB4076 ON MAY 15, 2008, THE HOUSE ADOPTED AMENDMENT #2 AND PASSED HOUSE BILL 4025, AS AMENDED. AMENDMENT #2 rewrites this bill to revise the Cover Tennessee Act of 2006. This amendment requires the department of finance and administration to establish criteria and guidelines for county governments to enroll in the Cover Tennessee program (program). The criteria must include the following provisions: (1) Only county governments who have not offered health benefits coverage to their employees for at least the past 12 months are eligible to participate in the [...]

show full description

Companion Bill SB4207. Insurance Companies, Agents, Brokers, Policies - Requires that long-term care insurers to offer the option of purchasing a policy or certificate including a nonforfeiture benefit; establishes training requirements for long-term care insurance producers; revises other various provisions governing long-term care insurance. - Amends TCA Title 56, Chapter 42. Fiscal Summary for *HB4206 / SB4207 Increase State Expenditures - Not Significant Bill Summary for *HB4206 / SB4207 Present law provides for and regulates long-term care insurance. "Long-term care insurance" means any insurance policy or rider advertised, marketed, offered, or designed to provide coverage for at least 12 consecutive months for each covered person on an expense incurred, indemnity, prepaid or other basis, for one or more necessary or medically necessary [...]

show full description

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 [...]

show full description

Companion Bill HB3779. Insurance, Health, Accident - Prohibits a health insurance carrier from requiring a provider to notify the carrier of a hospital inpatient emergency admission within a period of time that is less than one business day of the hospital inpatient admission, if compliance with such requirement would result in notification by the provider on a weekend or federal holiday. - Amends TCA Title 56, Chapter 7. Fiscal Summary for *SB3212 / HB3779Other Fiscal Impact - Should this legislation result in health insurance carriers not being able to require prior authorization for any type of hospital admission, there will be a significant fiscal impact on TennCare managed care organizations (MCO), the state sponsored health insurance plans, and local government health plans. It is estimated that this would result in an increase in state expenditures exceeding $24,[...]

show full description

Companion Bill HB3671. Insurance Companies, Agents, Brokers, Policies - Enacts the "Guaranteed Asset Protection Waiver Act of 2008." - Amends TCA Title 56. Fiscal Summary for *SB3851 / HB3671Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Bill Summary for *SB3851 / HB3671 This bill clarifies that a guaranteed asset protection waiver (GAP waiver) is not insurance and is not subject to the insurance laws of Tennessee. "GAP waiver" means a contractual agreement in which a creditor, including a motor vehicle dealer, lessor, or retail installment seller, agrees, for a separate charge, to cancel or waive all or part of the amounts due on a borrower's finance agreement in the event of a total physical damage loss or unrecovered theft of a motor vehicle, including an automobile, recreational vehicle, camper, boat,[...]

show full description

Companion Bill SB4203. Insurance Companies, Agents, Brokers, Policies - Revises various provisions of the Tennessee Insurance Producer Licensing Act including provisions governing unfair trade practices for insurance producers and provisions governing continuing education. - Amends TCA Title 56, Chapter 6, Part 1. Fiscal Summary for *HB4203 / SB4203Increase State Expenditures - $3,400/Incarceration* Other Fiscal Impact - Changing the license renewal date for insurance producers from every two years on the anniversary date in which the license was issued to the last day of the producers birth month could result in a shift of revenue from one collection month to another. However, the net impact of such shift is estimated to be not significant on the collection of license fees to the Department of Commerce and Insurance. Bill Summary for *HB4203 / SB4203 [...]

show full description

Companion Bill SB4076. CoverTN - Requires the department of finance and administration to develop guidelines for county governments to enroll in the Cover Tennessee program. - Amends TCA Title 56. Fiscal Summary for *HB4025 / SB4076MINIMAL Bill Summary for *HB4025 / SB4076 ON MAY 15, 2008, THE HOUSE ADOPTED AMENDMENT #2 AND PASSED HOUSE BILL 4025, AS AMENDED. AMENDMENT #2 rewrites this bill to revise the Cover Tennessee Act of 2006. This amendment requires the department of finance and administration to establish criteria and guidelines for county governments to enroll in the Cover Tennessee program (program). The criteria must include the following provisions: (1) Only county governments who have not offered health benefits coverage to their employees for at least the past 12 months are eligible to participate in the [...]

show full description

Companion Bill SB4203. Insurance Companies, Agents, Brokers, Policies - Revises various provisions of the Tennessee Insurance Producer Licensing Act including provisions governing unfair trade practices for insurance producers and provisions governing continuing education. - Amends TCA Title 56, Chapter 6, Part 1. Fiscal Summary for *HB4203 / SB4203Increase State Expenditures - $3,400/Incarceration* Other Fiscal Impact - Changing the license renewal date for insurance producers from every two years on the anniversary date in which the license was issued to the last day of the producers birth month could result in a shift of revenue from one collection month to another. However, the net impact of such shift is estimated to be not significant on the collection of license fees to the Department of Commerce and Insurance. Bill Summary for *HB4203 / SB4203 [...]

show full description

Companion Bill SB4207. Insurance Companies, Agents, Brokers, Policies - Requires that long-term care insurers to offer the option of purchasing a policy or certificate including a nonforfeiture benefit; establishes training requirements for long-term care insurance producers; revises other various provisions governing long-term care insurance. - Amends TCA Title 56, Chapter 42. Fiscal Summary for *HB4206 / SB4207 Increase State Expenditures - Not Significant Bill Summary for *HB4206 / SB4207 Present law provides for and regulates long-term care insurance. "Long-term care insurance" means any insurance policy or rider advertised, marketed, offered, or designed to provide coverage for at least 12 consecutive months for each covered person on an expense incurred, indemnity, prepaid or other basis, for one or more necessary or medically necessary [...]

show full description

Companion Bill SB4208. 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 *HB4207 / SB4208Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Bill Summary for *HB4207 / SB4208 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 [...]

show full description

Companion Bill HB4025. CoverTN - Requires the department of finance and administration to develop guidelines for county governments to enroll in the Cover Tennessee program. - Amends TCA Title 56. Fiscal Summary for SB4076 / *HB4025MINIMAL Bill Summary for SB4076 / *HB4025 ON MAY 15, 2008, THE HOUSE ADOPTED AMENDMENT #2 AND PASSED HOUSE BILL 4025, AS AMENDED. AMENDMENT #2 rewrites this bill to revise the Cover Tennessee Act of 2006. This amendment requires the department of finance and administration to establish criteria and guidelines for county governments to enroll in the Cover Tennessee program (program). The criteria must include the following provisions: (1) Only county governments who have not offered health benefits coverage to their employees for at least the past 12 months are eligible to participate in the [...]

show full description

Companion Bill HB4203. Insurance Companies, Agents, Brokers, Policies - Revises various provisions of the Tennessee Insurance Producer Licensing Act including provisions governing unfair trade practices for insurance producers and provisions governing continuing education. - Amends TCA Title 56, Chapter 6, Part 1. Fiscal Summary for SB4203 / *HB4203Increase State Expenditures - $3,400/Incarceration* Other Fiscal Impact - Changing the license renewal date for insurance producers from every two years on the anniversary date in which the license was issued to the last day of the producers birth month could result in a shift of revenue from one collection month to another. However, the net impact of such shift is estimated to be not significant on the collection of license fees to the Department of Commerce and Insurance. Bill Summary for SB4203 / *HB4203 [...]

show full description

Companion Bill HB4206. Insurance Companies, Agents, Brokers, Policies - Requires that long-term care insurers to offer the option of purchasing a policy or certificate including a nonforfeiture benefit; establishes training requirements for long-term care insurance producers; revises other various provisions governing long-term care insurance. - Amends TCA Title 56, Chapter 42. Fiscal Summary for SB4207 / *HB4206 Increase State Expenditures - Not Significant Bill Summary for SB4207 / *HB4206 Present law provides for and regulates long-term care insurance. "Long-term care insurance" means any insurance policy or rider advertised, marketed, offered, or designed to provide coverage for at least 12 consecutive months for each covered person on an expense incurred, indemnity, prepaid or other basis, for one or more necessary or medically necessary [...]

show full description

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 [...]

show full description

Companion Bill SB4174. Taxes - Clarifies that insurance companies are exempt from franchise and excise tax; revises provision regarding credit against excise tax for certain insurance companies. - Amends TCA Title 56 and Title 67. Fiscal Summary for *HB4159 / SB4174 MINIMAL Bill Summary for *HB4159 / SB4174 Present law generally imposes a gross premiums tax on insurance companies writing life, fire, marine, fidelity, surety, casualty, liability, or other forms of insurance. Under TCA Section 56-4-217, the amount of the premium taxes collected under present law is a single credit against the sum total of the taxes imposed by the Franchise Tax Law and by the Excise Tax Law. Present law provides: (1) To the extent any franchise or excise tax liability remains after application of the credit, such tax liability will be [...]

show full description

Companion Bill HB4159. Taxes - Clarifies that insurance companies are exempt from franchise and excise tax; revises provision regarding credit against excise tax for certain insurance companies. - Amends TCA Title 56 and Title 67. Fiscal Summary for SB4174 / *HB4159 MINIMAL Bill Summary for SB4174 / *HB4159 Present law generally imposes a gross premiums tax on insurance companies writing life, fire, marine, fidelity, surety, casualty, liability, or other forms of insurance. Under TCA Section 56-4-217, the amount of the premium taxes collected under present law is a single credit against the sum total of the taxes imposed by the Franchise Tax Law and by the Excise Tax Law. Present law provides: (1) To the extent any franchise or excise tax liability remains after application of the credit, such tax liability will be [...]

show full description