Insurance Companies, Agents, Brokers, Policies - As enacted, revises the criteria by which certain domestic insurance companies may invest or acquire an interest in foreign investment assets, real property, and certain money market funds. - Amends TCA Title 56, Chapter 3, Part 4.
HB 161 changes Tennessee's insurance investment rules for domestic insurance companies. It raises the maximum percentage of foreign assets they can hold from 1% to 20%, and increases real property limits from 5% to 10%. The bill also adds new rules allowing investments in specific money market funds that meet national insurance standards (like government-backed or Class 1 funds), requiring compliance with NAIC guidelines. These changes directly affect Tennessee-based insurance companies by expanding their eligible investment options. The bill became law on April 8, 2025.
Bill status
in committee
3 of 5 stages cleared
Introduction
Jan 2025
Committee Review
Mar 2025
House Passage
Mar 2025
Senate Passage
Governor
Introduced Jan 16, 2025
Last action Apr 8, 2025
Floor votes · House Mar 10, 2025
How they voted
100–0
Passed
Total votes 100
Mar 10, 2025
D
Democratic23
100% Yea
R
Republican77
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
15
Key actions
7
Committee
8
Mar 10, 2025
House · Passed
House Vote: pass (100-0)
house
Mar 5, 2025
Lower · Passed
Placed on cal. Calendar & Rules Committee for 3/6/2025
lower
Feb 26, 2025
Lower · Passed
Rec. for pass; ref to Calendar & Rules Committee
lower
Feb 19, 2025
Lower · Passed
Placed on cal. Insurance Committee for 2/26/2025
lower
Feb 12, 2025
Lower · Passed
Rec. for pass by s/c ref. to Insurance Committee
lower
Feb 12, 2025
Lower · Passed
Placed on cal. Insurance Committee for 2/19/2025
lower
Feb 5, 2025
Lower · Passed
Placed on s/c cal Insurance Subcommittee for 2/12/2025
lower
Jan 28, 2025
Committee
Assigned to s/c Insurance Subcommittee
lower
Jan 27, 2025
Committee
P2C, ref. to Insurance Committee
lower
Jan 16, 2025
Introduced
Intro., P1C.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jake McCalmon
RRepublican
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