Tennessee: Governor Signs ‘Accident Tax’ Ban; Similar Bill Passes in Georgia

Tennessee Gov. Phil Bredesen has signed HB 2547 to ban “accident taxes.” The bill moved quickly through the legislative process without controversy and with the coordinated support of the insurance industry.

Liz Reynolds, NAMIC’s Southeast state affairs manager, wrote to Bredesen after HB 2547 passed, urging him to sign the legislation as quickly as possible.

“Tennessee will join the vanguard of states taking action to ensure citizens are not subject to double taxation for core government services,” Reynolds stated in her letter. She also emphasized that “HB 2547 sends a message that all of Tennessee is open for business and its cities and towns welcome visitors and provide critical services for all.”

Similar legislation is eligible for the governor’s signature in Georgia. SB 348 passed the House on March 31. On April 1, Alabama SB 373 received a favorable report from the Senate Committee on Governmental Affairs.

Direct questions to NAMIC State Affairs Manager Liz Reynolds.

Posted: Tuesday, April 08, 2008 12:00:00 AM. Modified: Tuesday, April 08, 2008 3:35:22 PM.

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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.