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SB1000 • 2026

Insurance Companies, Agents, Brokers, Policies

AN ACT to amend Tennessee Code Annotated, Title 8; Title 56; Title 63; Title 68 and Title 71, relative to insurance.

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Bailey, Kumar
Last action
2025-02-12
Official status
Passed on Second Consideration, refer to Senate Commerce and Labor Committee
Effective date
Not listed

Plain English Breakdown

The official source material does not provide specific details on how many people will be affected by this bill.

Insurance License Changes

This bill updates insurance license expiration dates for business entities and removes outdated information about license validity.

What This Bill Does

  • Removes old rules about how long an insurance producer's license is valid after it was first given out on or after January 1, 2007.
  • Changes the expiration date for business entity licenses from March 1 to March 15 every two years under the Tennessee Insurance Producer Licensing Act of 2002.

Who It Names or Affects

  • Insurance companies and agents in Tennessee
  • Businesses with insurance licenses

Terms To Know

Licensee
A person or business that has been given permission to sell insurance by the state.
Biennially
Every two years.

Limits and Unknowns

  • The bill does not specify how many people will be affected.
  • It is unclear if there are any other changes to insurance laws besides the ones listed in this act.

Bill History

  1. 2025-02-12 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate Commerce and Labor Committee

  2. 2025-02-10 Tennessee General Assembly

    Introduced, Passed on First Consideration

  3. 2025-02-10 Tennessee General Assembly

    P2C, caption bill, held on desk - pending amdt.

  4. 2025-02-06 Tennessee General Assembly

    Intro., P1C.

  5. 2025-02-05 Tennessee General Assembly

    Filed for introduction

  6. 2025-02-05 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
HOUSE BILL 1077
By Kumar

SENATE BILL 1000
By Bailey

SB1000
003128
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 8;
Title 56; Title 63; Title 68 and Title 71, relative to
insurance.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 56-6-107(b), is amended by deleting
subdivision (1) and substituting:
(1) A license remains in effect for twenty-four (24) months from the last day of
the licensee's birth month.
SECTION 2. Tennessee Code Annotated, Section 56-6-107(b)(2), is amended by
deleting "March 1" and substituting "March 15".
SECTION 3. This act takes effect upon becoming a law, the public welfare requiring it.