Comptroller, State - As enacted, requires the comptroller to conduct a study of all insurers, including insurance pools, that provide policies of workers' compensation coverage to local governmental entities, including a review of each insurer's solvency, a comparative rate study, and an analysis of the process to bid out, procure, or otherwise obtain such a policy; requires the comptroller to report the findings to the speakers no later than January 1, 2025. - Amends TCA Title 12; Title 50 and Title 56.
This bill amends Tennessee insurance laws to increase the minimum coverage limits for workers' compensation policies held by local government entities. Specifically, it raises the minimum deductible from $50,000 to $100,000 and adjusts the corresponding premium calculation threshold to $200,000. The changes apply to all insurers, including insurance pools, providing these policies to local governments. These adjustments take effect on January 1, 2025.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 24, 2024
Last action May 9, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
18
Key actions
10
Committee
13
Apr 3, 2024
Lower · Passed
Placed on cal. Calendar & Rules Committee for 4/4/2024
lower
Mar 26, 2024
Lower · Passed
Rec. for pass. if am., ref. to Calendar & Rules Committee
lower
Mar 20, 2024
Lower · Passed
Placed on cal. Insurance Committee for 3/26/2024
lower
Mar 19, 2024
Lower · Passed
Action def. in Insurance Committee to 3/26/2024
lower
Mar 13, 2024
Lower · Passed
Placed on cal. Insurance Committee for 3/19/2024
lower
Mar 12, 2024
Committee
Rec for pass if am by s/c ref. to Insurance Committee
lower
Mar 6, 2024
Lower · Passed
Placed on s/c cal Insurance Subcommittee for 3/12/2024
lower
Mar 5, 2024
Lower · Passed
Action Def. in s/c Insurance Subcommittee to 3/12/2024
lower
Feb 28, 2024
Lower · Passed
Placed on s/c cal Insurance Subcommittee for 3/5/2024
lower
Feb 27, 2024
Lower · Passed
Action Def. in s/c Insurance Subcommittee to 3/5/2024
lower
Feb 21, 2024
Lower · Passed
Placed on s/c cal Insurance Subcommittee for 2/27/2024
lower
Jan 30, 2024
Committee
Assigned to s/c Insurance Subcommittee
lower
Jan 25, 2024
Committee
P2C, ref. to Insurance Subcommittee
lower
Jan 24, 2024
Introduced
Intro., P1C.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Kevin Vaughan
RRepublican
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