AN ACT to amend Tennessee Code Annotated, Title 8; Title 56; Title 63; Title 68 and Title 71, relative to insurance.
Summary
HB1077 amends Tennessee’s insurance licensing law to extend the length of time a license remains valid. Under current law, a license remains in effect for 12 months from the last day of the licensee’s birth month; this bill changes that period to 24 months. The bill also changes a filing or renewal deadline in the same statute from March 1 to March 15.
The measure is a narrow administrative change affecting insurance licensees and the state agencies that regulate them. By lengthening the license term and slightly extending the deadline, it reduces how often licensees must renew and may ease administrative processing for both applicants and regulators. The bill takes effect immediately upon becoming law.
Impact
The bill amends Tennessee Code Annotated § 56-6-107(b), which governs insurance licensing timing and renewal-related deadlines. It changes the license duration from one year to two years and moves a statutory date from March 1 to March 15, affecting insurance producers/licensees and the state’s licensing administration. No other substantive insurance regulatory standards are changed by the text provided.
Sentiment
No committee transcripts or recorded votes were provided, so there is no direct evidence of debate or opposition. Based on the text alone, the bill appears technical and administrative rather than controversial, with an apparent purpose of simplifying licensing compliance and extending renewal timing. The absence of recorded opposition or amendments suggests the measure may have been routine or broadly acceptable.
Contention
No specific points of contention are documented in the provided materials. If any concerns were raised, they are not reflected in the available transcripts or vote history. Potential issues that could arise from the bill’s changes would be the longer interval between renewals and any administrative impact on oversight, but these are not attributed to any named legislator or stakeholder in the record provided.