AN ACT to amend Tennessee Code Annotated, Title 8; Title 56; Title 63; Title 68 and Title 71, relative to insurance.
Summary
SB1000 makes a narrow change to Tennessee insurance licensing law. It amends Tennessee Code Annotated § 56-6-107(b) to extend the duration of a license from the current period to 24 months from the last day of the licensee’s birth month. The bill also changes a filing or renewal deadline in the same subsection from March 1 to March 15.
The measure appears to be an administrative update affecting insurance license holders and the state agency that regulates them. By lengthening the license period and moving the deadline later in the month, the bill likely reduces the frequency of renewals and gives licensees additional time to comply with filing requirements. It takes effect immediately upon becoming law.
Impact
The bill amends Tennessee Code Annotated § 56-6-107(b), which governs insurance licensing timing and related deadlines. Its practical effect is to alter the renewal cycle for affected licensees and to adjust an associated March deadline, changing compliance obligations for insurance professionals and the regulatory administration of licenses in Tennessee.
Sentiment
No committee transcripts or recorded votes were provided, so there is no direct evidence of debate, support, or opposition in the available materials. Based on the text alone, the bill appears technical and noncontroversial, focused on administrative timing rather than substantive policy change.
Contention
No specific points of contention are documented in the provided record. If any concerns were raised, they would most likely relate to the administrative effects of extending license terms or shifting the deadline, such as regulatory workload, compliance timing, or how the change affects insurance professionals and the state licensing process.