All Insurance Companies, Agents, Brokers, Policies Legislation - Tennessee
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Latest Action: 06/11/2008 - Public Chapter 1093 Bill Text 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 Comment on Bill HB4203
Latest Action: 07/02/2008 - Companion became Public Chapter 1192 Bill Text 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 HB4206
Latest Action: 06/06/2008 - Public Chapter 1058 Bill Text 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 HB4207
Latest Action: 06/11/2008 - Companion became Public Chapter 1079 Bill Text 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 SB4076
Latest Action: 06/11/2008 - Companion became Public Chapter 1093 Bill Text 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 SB4203
Latest Action: 07/02/2008 - Public Chapter 1192 Bill Text 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 SB4207
Latest Action: 06/06/2008 - Companion became Public Chapter 1058 Bill Text 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 SB4208
Latest Action: 06/11/2008 - Public Chapter 1079 Bill Text 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 Latest Action: 02/07/2008 - Passed second consideration, caption bill, held on desk - pending amdt. Bill Text 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 SB4174
Latest Action: 04/08/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M. Bill Text 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 HB3779
Latest Action: 06/06/2008 - Companion became Public Chapter 987 Bill Text Companion Bill SB3212. 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 HB3779 / *SB3212Other 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 HB3883
Latest Action: 05/08/2008 - Companion became Public Chapter 812 Bill Text Companion Bill SB3495. Insurance Companies, Agents, Brokers, Policies - Exempts from the minimum standards for utilization review agents, any utilization review agent who has received accreditation by the national committee for quality assurance. - Amends TCA Title 56, Chapter 6. Fiscal Summary for HB3883 / *SB3495 MINIMAL Bill Summary for HB3883 / *SB3495 Present law establishes, under the Health Care Service Utilization Review Act, minimum standards that all utilization review agents must meet. One such standard is that for outpatient mental health and chemical dependency care, the patient must register pursuant to the requirements of the policy or contract. After registration, the patient is approved for at least 12 visits to a particular provider. Present law provides that after the initial utilization review,[...] show full description Latest Action: 04/04/2008 - Companion became Public Chapter 651 Bill Text Companion Bill HB2547. Motor Vehicles - Prohibits a local government or any person from assessing an accident response service fee on an insurance company, the driver or owner of a motor vehicle, or any other person for the response or investigation by a law enforcement agency of a motor vehicle accident. - Amends TCA Title 55. Fiscal Summary for SB3888 / *HB2547MINIMAL Bill Summary for SB3888 / *HB2547 ON MARCH 13, 2008, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 2547, AS AMENDED. AMENDMENT #1 specifies that a local government may bill an insurance company, the driver or owner of a motor vehicle, or any other person for ambulance services that are provided in response to or in conjunction with emergency response to motor vehicle accidents. Latest Action: 04/01/2008 - Taken Off Notice For Calendar in Subcommittee Employee Affairs of Consumer and Employee Affairs of Consumer & Employees Affairs Committee Bill Text Companion Bill SB2902. 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 HB3699 / *SB2902Increase State Expenditures - Not Significant Bill Summary for HB3699 / *SB2902 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 [...] show full description HB3671
Latest Action: 06/06/2008 - Public Chapter 1055 Bill Text 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 SB3851
Latest Action: 06/06/2008 - Companion became Public Chapter 1055 Bill Text 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 HB3414
Latest Action: 02/04/2008 - Assigned to Subcommittee Industrial Impact of COM Bill Text Insurance Companies, Agents, Brokers, Policies - Requires all health insurance plans that cover health care rendered by a medical provider to allow assignment of health care benefits to provider. - Amends TCA Title 56. Fiscal Summary for HB3414 / *SB2901Increase State Expenditures - Not Significant HB3580
Latest Action: 06/24/2008 - Companion became Public Chapter 1023 Bill Text Companion Bill SB2538. Sunset Laws - Tennessee life and health insurance guaranty association, June 30, 2012. - Amends TCA Title 4, Chapter 29 and Title 56, Chapter 12. Fiscal Summary for HB3580 / *SB2538MINIMAL Bill Summary for HB3580 / *SB2538 ON APRIL 29, 2008, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 2538, AS AMENDED. AMENDMENT #1 changes the sunset date for the Tennessee life and health insurance guaranty to June 30, 2012. SB3495
Latest Action: 05/08/2008 - Public Chapter 812 Bill Text Companion Bill HB3883. Insurance Companies, Agents, Brokers, Policies - Exempts from the minimum standards for utilization review agents, any utilization review agent who has received accreditation by the national committee for quality assurance. - Amends TCA Title 56, Chapter 6. Fiscal Summary for *SB3495 / HB3883 MINIMAL Bill Summary for *SB3495 / HB3883 Present law establishes, under the Health Care Service Utilization Review Act, minimum standards that all utilization review agents must meet. One such standard is that for outpatient mental health and chemical dependency care, the patient must register pursuant to the requirements of the policy or contract. After registration, the patient is approved for at least 12 visits to a particular provider. Present law provides that after the initial utilization review,[...] show full description SB3212
Latest Action: 06/06/2008 - Public Chapter 987 Bill Text 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 SB2902
Latest Action: 01/29/2008 - Assigned to Gen. Sub of C,L&A comm Bill Text 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 [...] show full description HB2826
Latest Action: 03/31/2008 - Withdrawn. Bill Text Companion Bill SB2683. Insurance Companies, Agents, Brokers, Policies - Requires the award of attorney fees if insurance company is found liable for bad-faith failure to pay promptly or violation of the Tennessee Consumer Protection Act. - Amends TCA Title 47, Chapter 18, Part 1; Title 56, Chapter 7 and Title 56, Chapter 8. Fiscal Summary for HB2826 / *SB2683MINIMAL Bill Summary for HB2826 / *SB2683 Under present law, upon a finding by the court that a provision of the Tennessee Consumer Protection Act has been violated, the court may award to the person bringing such action reasonable attorney's fees and costs. This bill makes the payment of attorney's fees and costs mandatory instead of discretionary in cases where the court finds that an insurance company has violated the Act through denial of a claim for coverage or payment. Under present [...] show full description SB2901
Latest Action: 02/05/2008 - Assigned to Gen. Sub of C,L&A comm Bill Text Insurance Companies, Agents, Brokers, Policies - Requires all health insurance plans that cover health care rendered by a medical provider to allow assignment of health care benefits to provider. - Amends TCA Title 56. Fiscal Summary for *SB2901 / HB3414Increase State Expenditures - Not Significant Latest Action: 02/13/2008 - Taken Off Notice For Calendar in Subcommittee Industrial Impact of Commerce of Commerce Committee Bill Text Insurance Companies, Agents, Brokers, Policies - Defines as an unfair method of competition and unfair or deceptive act or practice in the business of insurance to base any standard or rating plan upon a person's credit bureau rating. - Amends TCA Title 56. Fiscal Summary for *HB2751 / SB2860State Revenue - Net Impact - Not Significant State Expenditures - Net Impact - Not Significant SB2860
Latest Action: 01/17/2008 - Passed second consideration, Referred to Senate C,L&A Comm. Bill Text Insurance Companies, Agents, Brokers, Policies - Defines as an unfair method of competition and unfair or deceptive act or practice in the business of insurance to base any standard or rating plan upon a person's credit bureau rating. - Amends TCA Title 56. Fiscal Summary for SB2860 / *HB2751State Revenue - Net Impact - Not Significant State Expenditures - Net Impact - Not Significant SB2683
Latest Action: 03/25/2008 - Senate Reset on Calendar Bill Text Companion Bill HB2826. Insurance Companies, Agents, Brokers, Policies - Requires the award of attorney fees if insurance company is found liable for bad-faith failure to pay promptly or violation of the Tennessee Consumer Protection Act. - Amends TCA Title 47, Chapter 18, Part 1; Title 56, Chapter 7 and Title 56, Chapter 8. Fiscal Summary for *SB2683 / HB2826MINIMAL Bill Summary for *SB2683 / HB2826 Under present law, upon a finding by the court that a provision of the Tennessee Consumer Protection Act has been violated, the court may award to the person bringing such action reasonable attorney's fees and costs. This bill makes the payment of attorney's fees and costs mandatory instead of discretionary in cases where the court finds that an insurance company has violated the Act through denial of a claim for coverage or payment. Under present [...] show full description HB2547
Latest Action: 04/04/2008 - Public Chapter 651 Bill Text Companion Bill SB3888. Motor Vehicles - Prohibits a local government or any person from assessing an accident response service fee on an insurance company, the driver or owner of a motor vehicle, or any other person for the response or investigation by a law enforcement agency of a motor vehicle accident. - Amends TCA Title 55. Fiscal Summary for *HB2547 / SB3888MINIMAL Bill Summary for *HB2547 / SB3888 ON MARCH 13, 2008, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 2547, AS AMENDED. AMENDMENT #1 specifies that a local government may bill an insurance company, the driver or owner of a motor vehicle, or any other person for ambulance services that are provided in response to or in conjunction with emergency response to motor vehicle accidents. SB2538
Latest Action: 06/24/2008 - Public Chapter 1023 Bill Text Companion Bill HB3580. Sunset Laws - Tennessee life and health insurance guaranty association, June 30, 2012. - Amends TCA Title 4, Chapter 29 and Title 56, Chapter 12. Fiscal Summary for *SB2538 / HB3580MINIMAL Bill Summary for *SB2538 / HB3580 ON APRIL 29, 2008, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 2538, AS AMENDED. AMENDMENT #1 changes the sunset date for the Tennessee life and health insurance guaranty to June 30, 2012. SB2450
Latest Action: 03/20/2008 - Withdrawn. Bill Text Insurance Companies, Agents, Brokers, Policies - Requires policies of insurance that exclude punitive damages to have such exclusion in a bold font and be included in the policy declarations; requires the insurance producer to communicate such information with the purchaser or prospective purchaser when negotiating for the purchase or renewal of a contract of insurance. - Amends TCA Title 56. Fiscal Summary for SB2450 / *HB2429Increase State Expenditures - Not Significant HB2429
Latest Action: 03/20/2008 - Withdrawn. Bill Text Insurance Companies, Agents, Brokers, Policies - Requires policies of insurance that exclude punitive damages to have such exclusion in a bold font and be included in the policy declarations; requires the insurance producer to communicate such information with the purchaser or prospective purchaser when negotiating for the purchase or renewal of a contract of insurance. - Amends TCA Title 56. Fiscal Summary for *HB2429 / SB2450Increase State Expenditures - Not Significant SB2263
Latest Action: 05/23/2007 - Public Chapter 148 Bill Text Companion Bill HB2285. Insurance Companies, Agents, Brokers, Policies - Enacts the "Interstate Insurance Product Regulation Compact Act of 2007." - Amends TCA Title 56. Fiscal Summary for SB2263 / *HB2285State Expenditures - Net Impact - Not Significant Bill Summary for SB2263 / *HB2285 This bill enters Tennessee into the Interstate Insurance Product Regulation Compact along with all other states that enact the compact. The chief purpose of the compact is to provide uniform regulation of insurance products and insurance advertisements within the jurisdiction of the compacting states. INTERSTATE INSURANCE PRODUCT REGULATION COMMISSION Pursuant to this bill, the compacting states will create the Interstate Insurance Product Regulation Commission to receive and review insurance products and approve insurance products that meet uniform [...] show full description HB2192
Latest Action: 03/06/2007 - Assigned to Subcommittee Industrial Impact of COM Bill Text Insurance Companies, Agents, Brokers, Policies - Prohibits an insurer from requiring an insured to certify something outside of the insured's knowledge. - Amends TCA Title 56, Chapter 7. Fiscal Summary for *HB2192Increase State Expenditures - Not Significant Bill Summary for *HB2192 This bill specifies that an insurer may require an insured to disclose the existence of, or to certify the non-existence of, insurance coverage provided by other insurers on behalf of the insured or insured's dependents only to the extent that the insured has knowledge of that additional insurance. The insurer may not require an insured to certify, in writing, the lack of additional insurance coverage unless the written statement expressly provides that the statement is given only to the best of the insured's knowledge. This bill prohibits an insurer from denying coverage based on the existence of undisclosed insurance unless the insurer can prove [...] show full description HB2004
Latest Action: 06/26/2007 - Companion became Public Chapter 441 Bill Text Companion Bill SB2131. Sunset Laws - Tennessee Life and Health Insurance Guaranty Association, June 30, 2008. - Amends TCA Title 4, Chapter 29 and Title 56, Chapter 12. Fiscal Summary for *HB2004 / SB2131MINIMAL Bill Summary for *HB2004 / SB2131 ON JUNE 6, 2007, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 2131, AS AMENDED. AMENDMENT #1 changes the termination date for the Tennessee life and health insurance guaranty association from June 30, 2011, to June 30, 2008. HB2203
Latest Action: 04/25/2007 - Taken Off Notice For Calendar in Subcommittee Industrial Impact of Commerce of Commerce Committee Bill Text Companion Bill SB1565. Insurance Companies, Agents, Brokers, Policies - Adjusts for inflation all the monetary civil penalties assessed by the commissioner for unfair competition and deceptive acts committed by a person in the business of insurance. - Amends TCA Title 56, Chapter 8, Part 1. Fiscal Summary for HB2203 / *SB1565Increase State Revenues - Not Significant Bill Summary for HB2203 / *SB1565 Under present law, if the commissioner of commerce and insurance determines that a person charged has engaged in unfair methods of competition or unfair or deceptive acts or practices in the business of insurance or has violated the provisions governing lenders and insurance, then the commissioner may, in addition to issuing an order to cease and desist, order the payment of a civil penalty of not more than $1,000 for each and every act or violation,[...] show full description SB2131
Latest Action: 06/26/2007 - Public Chapter 441 Bill Text Companion Bill HB2004. Sunset Laws - Tennessee Life and Health Insurance Guaranty Association, June 30, 2008. - Amends TCA Title 4, Chapter 29 and Title 56, Chapter 12. Fiscal Summary for SB2131 / *HB2004MINIMAL Bill Summary for SB2131 / *HB2004 ON JUNE 6, 2007, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 2131, AS AMENDED. AMENDMENT #1 changes the termination date for the Tennessee life and health insurance guaranty association from June 30, 2011, to June 30, 2008. HB1954
Latest Action: 03/06/2007 - Assigned to Subcommittee Industrial Impact of COM Bill Text Insurance, Health, Accident - Extends the right-to-return/free look period provided for individual long-term care insurance policyholders. - Amends TCA Title 56, Chapter 42. Fiscal Summary for *HB1954 / SB2011Increase State Expenditures - Not Significant HB2255
Latest Action: 06/19/2007 - Companion became Public Chapter 339 Bill Text Companion Bill SB2200. Insurance Companies, Agents, Brokers, Policies - Revises provisions governing unfair replacement transaction practices; authorizes insurers to use the mortality tables adopted by NAIC for certain purposes. - Amends TCA Title 56, Chapter 7 and 8. Fiscal Summary for *HB2255 / SB2200Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Bill Summary for *HB2255 / SB2200 This bill revises present law regulating trade practices in the insurance industry. UNFAIR PRACTICES IN INSURANCE Under present law, the following acts and practices constitute unfair methods of competition and unfair or deceptive acts or practices in the business of insurance: (1) False information and advertising; (2) Defamation; (3) Boycott, coercion and intimidation; (4) False [...] show full description HB2145
Latest Action: 05/02/2007 - Taken Off Notice For Calendar in Subcommittee Industrial Impact of Commerce of Commerce Committee Bill Text Companion Bill SB2147. Insurance, Health, Accident - Includes prosthetic devices as a reimbursed service. - Amends TCA Title 56. Fiscal Summary for *HB2145 / SB2147Increase State Expenditures - $1,524,800 Increase Local Govt. Expenditures - $100,000* Other Fiscal Impact - Increase Federal Expenditures - $2,675,200 Potential Impact on Health Insurance Premiums (required by Tenn. Code Ann. § 3-2-111): Such legislation would result in an increase in the cost of health insurance premiums which exceeds $100,000 for plans that do not currently offer prosthetic devices within the provisions of the proposed legislation. Bill Summary for *HB2145 / SB2147 This bill requires that certain insurance policies issued or delivered in this state on or after January 1, 2008, include or offer as a benefit to prospective and existing policyholders [...] show full description Latest Action: 02/22/2007 - Passed second consideration, caption bill, held on desk - pending amdt. Bill Text Insurance Companies, Agents, Brokers, Policies - Specifies that when a policy or contract requires that notification of birth of a newly born child and payment of the required premium or fees be furnished to the insurer or nonprofit service or indemnity corporation within 31 days after the date of birth, then the contract or policy must provide a grace period of 30 days, in addition to the original 31 days, for notification and payment when the newborn or the newborn's parent encounters a major health problem during the initial 31-day period. - Amends TCA Title 4; Title 8 and Title 56. Fiscal Summary for *HB2274 / SB2208Increase State Expenditures - Not Significant SB2036
Latest Action: 04/17/2007 - Assigned to Gen. Sub of: Senate C,L&A Comm. Bill Text Companion Bill HB1854. Insurance Companies, Agents, Brokers, Policies - Requires certain coverages and benefits for breast cancer patients including minimum in-hospital stays, secondary consultation coverage, and radiation therapy under certain circumstances. - Amends TCA Title 56, Chapter 7. Fiscal Summary for SB2036 / *HB1854Increase State Expenditures - Not Significant Potential Impact on Health Insurance Premiums (required by Tenn. Code Ann. § 3-2-111): Such legislation would result in an increase in the cost of health insurance premiums which exceeds $100,000 for plans that do not currently offer the mandated breast cancer benefits of the proposed legislation. Bill Summary for SB2036 / *HB1854 This bill requires that all health insurance policies that are issued or renewed on or after July 1, 2007, provide coverage of the following for breast [...] show full description HB2285
Latest Action: 05/23/2007 - Companion became Public Chapter 148 Bill Text Companion Bill SB2263. Insurance Companies, Agents, Brokers, Policies - Enacts the "Interstate Insurance Product Regulation Compact Act of 2007." - Amends TCA Title 56. Fiscal Summary for *HB2285 / SB2263State Expenditures - Net Impact - Not Significant Bill Summary for *HB2285 / SB2263 This bill enters Tennessee into the Interstate Insurance Product Regulation Compact along with all other states that enact the compact. The chief purpose of the compact is to provide uniform regulation of insurance products and insurance advertisements within the jurisdiction of the compacting states. INTERSTATE INSURANCE PRODUCT REGULATION COMMISSION Pursuant to this bill, the compacting states will create the Interstate Insurance Product Regulation Commission to receive and review insurance products and approve insurance products that meet uniform [...] show full description HB2232
Latest Action: 06/19/2007 - Companion became Public Chapter 338 Bill Text 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 [...] show full description SB2044
Latest Action: 03/02/2007 - Assigned to Gen. Sub of Senate C,L&A Comm. Bill Text Insurance Companies, Agents, Brokers, Policies - Prohibits an insurer from taking an adverse action against a consumer based primarily on the consumer's insurance score, credit reports, or other credit information or based primarily on the fact the consumer does not have a credit account. - Amends TCA Title 47, Chapter 18 and Title 56. Fiscal Summary for SB2044 / *HB1492State Revenues - Net Impact - Not Significant Increase State Expenditures - Not Significant SB2011
Latest Action: 04/09/2007 - Assigned to Gen. Sub of Senate C,L&A Comm. Bill Text Insurance, Health, Accident - Extends the right-to-return/free look period provided for individual long-term care insurance policyholders. - Amends TCA Title 56, Chapter 42. Fiscal Summary for SB2011 / *HB1954Increase State Expenditures - Not Significant SB2082
Latest Action: 06/19/2007 - Public Chapter 344 Bill Text Companion Bill HB1856. Insurance Companies, Agents, Brokers, Policies - Requires county mutual insurance companies to pay a premium tax in accordance with the general law which taxes gross premiums instead of setting the tax at the rate of 2 1/2 percent of their gross premiums. - Amends TCA Title 56, Chapter 22, Part 1. Fiscal Summary for SB2082 / *HB1856Forgo State Revenues - $81,300 Bill Summary for SB2082 / *HB1856 Present law requires all county mutual insurance companies to pay a tax at the rate of 2.5 percent of their gross premiums. This bill replaces this provision with a requirement that all county mutual insurance companies pay a premium tax in accordance with the present law tax provisions applicable to insurance companies (see TCA Sections 56-4-201 and 56-4-204) . Present law imposes a tax of 2.5 percent on gross premiums paid by or [...] show full description SB2147
Latest Action: 04/24/2007 - Action Deferred in Senate C,L&A Comm. to 5/1/2007 Bill Text Companion Bill HB2145. Insurance, Health, Accident - Includes prosthetic devices as a reimbursed service. - Amends TCA Title 56. Fiscal Summary for SB2147 / *HB2145Increase State Expenditures - $1,524,800 Increase Local Govt. Expenditures - $100,000* Other Fiscal Impact - Increase Federal Expenditures - $2,675,200 Potential Impact on Health Insurance Premiums (required by Tenn. Code Ann. § 3-2-111): Such legislation would result in an increase in the cost of health insurance premiums which exceeds $100,000 for plans that do not currently offer prosthetic devices within the provisions of the proposed legislation. Bill Summary for SB2147 / *HB2145 This bill requires that certain insurance policies issued or delivered in this state on or after January 1, 2008, include or offer as a benefit to prospective and existing policyholders [...] show full description SB2095
Latest Action: 03/02/2007 - Assigned to Gen. Sub of Senate C,L&A Comm. Bill Text Insurance Companies, Agents, Brokers, Policies - Prohibits an insurance company from setting rates based upon the zip code of the applicant's place of residence or employment. - Amends TCA Title 56, Chapter 5. Fiscal Summary for SB2095 / *HB1486State Revenues - Net Impact - Not Significant Increase State Expenditures - Not Significant Latest Action: 05/02/2007 - Action Deferred in Subcommittee Industrial Impact of Commerce to 2008 Bill Text Companion Bill SB2036. Insurance Companies, Agents, Brokers, Policies - Requires certain coverages and benefits for breast cancer patients including minimum in-hospital stays, secondary consultation coverage, and radiation therapy under certain circumstances. - Amends TCA Title 56, Chapter 7. Fiscal Summary for *HB1854 / SB2036Increase State Expenditures - Not Significant Potential Impact on Health Insurance Premiums (required by Tenn. Code Ann. § 3-2-111): Such legislation would result in an increase in the cost of health insurance premiums which exceeds $100,000 for plans that do not currently offer the mandated breast cancer benefits of the proposed legislation. Bill Summary for *HB1854 / SB2036 This bill requires that all health insurance policies that are issued or renewed on or after July 1, 2007, provide coverage of the following for breast [...] show full description SB2169
Latest Action: 06/19/2007 - Public Chapter 338 Bill Text Companion Bill HB2232. 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 SB2169 / *HB2232Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Bill Summary for SB2169 / *HB2232 ON MAY 16, 2007, THE SENATE ADOPTED AMENDMENTS #1 AND #2 AND PASSED SENATE BILL 2169, AS AMENDED. AMENDMENT #1 revises the monetary penalty [...] show full description SB2171
Latest Action: 06/19/2007 - Companion became Public Chapter 359 Bill Text Companion Bill HB1813. Insurance Companies, Agents, Brokers, Policies - Removes provision whereby certain statutes relating to rates and rate filings that were in existence in 1996 will be revived effective July 1, 2007. - Amends Public Chapter 944 of the Acts of 1996, Public Chapter 192 for the Acts of 2001 and TCA Section 56-5-307. Fiscal Summary for SB2171 / *HB1813MINIMAL Bill Summary for SB2171 / *HB1813 Present law requires workers' compensation insurers to file multipliers and supporting information with the commissioner of commerce and insurance by 15 days after the effective date of a policy. This provision is scheduled to expire July 1, 2007, but this bill provides for this provision being retained indefinitely. A multiplier is the insurer's determination of the profits and expenses, other than loss expense, loss adjustment expense [...] show full description Latest Action: 06/19/2007 - Companion became Public Chapter 344 Bill Text Companion Bill SB2082. Insurance Companies, Agents, Brokers, Policies - Requires county mutual insurance companies to pay a premium tax in accordance with the general law which taxes gross premiums instead of setting the tax at the rate of 2 1/2 percent of their gross premiums. - Amends TCA Title 56, Chapter 22, Part 1. Fiscal Summary for *HB1856 / SB2082Forgo State Revenues - $81,300 Bill Summary for *HB1856 / SB2082 Present law requires all county mutual insurance companies to pay a tax at the rate of 2.5 percent of their gross premiums. This bill replaces this provision with a requirement that all county mutual insurance companies pay a premium tax in accordance with the present law tax provisions applicable to insurance companies (see TCA Sections 56-4-201 and 56-4-204) . Present law imposes a tax of 2.5 percent on gross premiums paid by or [...] show full description SB2200
Latest Action: 06/19/2007 - Public Chapter 339 Bill Text Companion Bill HB2255. Insurance Companies, Agents, Brokers, Policies - Revises provisions governing unfair replacement transaction practices; authorizes insurers to use the mortality tables adopted by NAIC for certain purposes. - Amends TCA Title 56, Chapter 7 and 8. Fiscal Summary for SB2200 / *HB2255Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Bill Summary for SB2200 / *HB2255 This bill revises present law regulating trade practices in the insurance industry. UNFAIR PRACTICES IN INSURANCE Under present law, the following acts and practices constitute unfair methods of competition and unfair or deceptive acts or practices in the business of insurance: (1) False information and advertising; (2) Defamation; (3) Boycott, coercion and intimidation; (4) False [...] show full description HB2058
Latest Action: 03/06/2007 - Assigned to Subcommittee Industrial Impact of COM Bill Text Companion Bill SB1989. Insurance Companies, Agents, Brokers, Policies - Makes it an unfair insurance practice and a violation of the Consumer Protection Act for an insurance company to use an individual's credit information to underwrite, cancel, or refuse a new risk or increase premiums on a policy. - Amends TCA Title 47 and Title 56. Fiscal Summary for HB2058 / *SB1989State Revenues - Net Impact - Not Significant State Expenditures - Net Impact - Not Significant Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for HB2058 / *SB1989 This bill classifies the use of a consumer's credit information by an insurer in any manner to underwrite, cancel, refuse a new risk, or to increase premiums on a policy as an unfair method of competition or unfair or deceptive act or practice in [...] show full description SB2208
Latest Action: 03/27/2007 - Assigned to Gen. Sub of: Senate C,L&A Comm. Bill Text Insurance Companies, Agents, Brokers, Policies - Specifies that when a policy or contract requires that notification of birth of a newly born child and payment of the required premium or fees be furnished to the insurer or nonprofit service or indemnity corporation within 31 days after the date of birth, then the contract or policy must provide a grace period of 30 days, in addition to the original 31 days, for notification and payment when the newborn or the newborn's parent encounters a major health problem during the initial 31-day period. - Amends TCA Title 4; Title 8 and Title 56. Fiscal Summary for SB2208 / *HB2274Increase State Expenditures - Not Significant HB2167
Latest Action: 05/08/2007 - Taken Off Notice For Calendar in: Commerce Committee Bill Text Insurance Companies, Agents, Brokers, Policies - Provides that an insured may file a grievance related to a change to the insurer's formulary within 45, rather than 60 days; increases the time period to 15 calendar days, rather than 10 days, for the insurer to be able to file the complaint and retain the right to continue the drug until the grievance process is completed; and specifies that the grievance procedure is not applicable to any state administered insurance. - Amends TCA Title 56. Fiscal Summary for HB2167 / *SB1389Increase State Expenditures - Not Significant SB1982
Latest Action: 06/01/2007 - Public Chapter 228 Bill Text Companion Bill HB1680. Insurance Companies, Agents, Brokers, Policies - Revises requirements for persons applying for an insurance producer license. - Amends TCA Title 56, Chapter 6, Part 1. Fiscal Summary for SB1982 / *HB1680Decrease State Revenues - Not Significant State Expenditures - Net Impact - Not Significant Bill Summary for SB1982 / *HB1680 Under present law, applicants for an insurance producer license are required to pass a written examination developed and conducted under rules and regulations prescribed by the commissioner of commerce and insurance, that tests the knowledge of the individual concerning the lines of authority for which the application was made, the duties and responsibilities of an insurance producer and the insurance laws and regulations of Tennessee. This bill requires any person seeking an insurance producer [...] show full description HB1579
Latest Action: 04/24/2007 - Taken Off Notice For Calendar in Subcommittee Utilities, Banking and Small Business of Commerce of Commerce Committee Bill Text Commerce and Insurance, Dept. of - Requires the commissioner to inform an applicant for a rate service organization license that has been denied such license the reasons for the denial, in writing, within 30 days. - Amends TCA Title 56. Fiscal Summary for HB1579 / *SB1212Increase State Expenditures - Not Significant SB1989
Latest Action: 03/05/2007 - Assigned to Gen. Sub of Senate C,L&A Comm. Bill Text Companion Bill HB2058. Insurance Companies, Agents, Brokers, Policies - Makes it an unfair insurance practice and a violation of the Consumer Protection Act for an insurance company to use an individual's credit information to underwrite, cancel, or refuse a new risk or increase premiums on a policy. - Amends TCA Title 47 and Title 56. Fiscal Summary for *SB1989 / HB2058State Revenues - Net Impact - Not Significant State Expenditures - Net Impact - Not Significant Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for *SB1989 / HB2058 This bill classifies the use of a consumer's credit information by an insurer in any manner to underwrite, cancel, refuse a new risk, or to increase premiums on a policy as an unfair method of competition or unfair or deceptive act or practice in [...] show full description HB1636
Latest Action: 02/21/2007 - Passed second consideration, caption bill, held on desk - pending amdt. Bill Text Commerce and Insurance, Dept. of - Authorizes the commissioner to enter into the Interstate Insurance Product Regulation Compact. - Amends TCA Title 56. Fiscal Summary for HB1636 / *SB0447Increase State Expenditures - Not Significant HB1605
Latest Action: 06/06/2007 - Companion became Public Chapter 287 Bill Text Companion Bill SB1305. Insurance Companies, Agents, Brokers, Policies - Authorizes a mental health or chemically dependent patient to have at least 12 additional visits after a utilization review episode instead of at least seven or as many as otherwise recommended by the treatment plan; authorizes a mental health or chemically dependent patient to have 12 additional visits after registration pursuant to the policy or contract instead of at least seven visits. - Amends TCA Section 56-6-705. Fiscal Summary for HB1605 / *SB1305Increase State Expenditures - Not Significant Bill Summary for HB1605 / *SB1305 ON MAY 7, 2007, THE SENATE ADOPTED AMENDMENT #2 AND PASSED SENATE BILL 1305, AS AMENDED. AMENDMENT #2 changes the number of additional visits after a utilization review episode that this bill would authorize a mental health or chemically [...] show full description HB1680
Latest Action: 06/01/2007 - Companion became Public Chapter 228 Bill Text Companion Bill SB1982. Insurance Companies, Agents, Brokers, Policies - Revises requirements for persons applying for an insurance producer license. - Amends TCA Title 56, Chapter 6, Part 1. Fiscal Summary for *HB1680 / SB1982Decrease State Revenues - Not Significant State Expenditures - Net Impact - Not Significant Bill Summary for *HB1680 / SB1982 Under present law, applicants for an insurance producer license are required to pass a written examination developed and conducted under rules and regulations prescribed by the commissioner of commerce and insurance, that tests the knowledge of the individual concerning the lines of authority for which the application was made, the duties and responsibilities of an insurance producer and the insurance laws and regulations of Tennessee. This bill requires any person seeking an insurance producer [...] show full description HB1813
Latest Action: 06/19/2007 - Public Chapter 359 Bill Text Companion Bill SB2171. Insurance Companies, Agents, Brokers, Policies - Removes provision whereby certain statutes relating to rates and rate filings that were in existence in 1996 will be revived effective Jul |
