Tennessee: Several Important Insurance-Related Bills Enacted During Session

Several important insurance-related insurance bills were enacted during the Tennessee General Assembly, which adjourned May 26.

On May 18, Democratic Gov. Phil Bredesen signed Senate Bill 3504 into law. The bill rewrites the state's county mutual statute. NAMIC worked closely with representatives of the Tennessee Association of Mutual Insurance Companies in securing passage of the bill.

The governor also has signed House Bill 3539, the Silica Compensation Fairness Act, which spells out medical criteria to be followed in compensating silica victims.

Other bills of note include Senate Bill 2220, a security breach bill; Senate Bill 2263, which makes amendments to the state building code; and Senate Bill 2261, which allows the insurance commissioner to deviate from the per diem structure the NAIC uses for contracted actuaries and financial examiners.

Direct questions to NAMIC Senior State Affairs Manager David Reddick.

Posted: Tuesday, May 30, 2006 12:00:00 AM. Modified: Tuesday, May 30, 2006 10:31:15 AM.

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We are 1,400 property/casualty insurance companies serving more than 135 million auto, home and business policyholders, with more than $196 billion in premiums accounting for 50 percent of the automobile/homeowners market and 31 percent of the business insurance market. We are the largest and most diverse property/casualty trade association in the country, with regional and local mutual insurance companies on main streets across America joining many of the country’s largest national insurers who also call NAMIC their home. More than 200,000 people are employed by NAMIC members.