Insurance, Life - As introduced, for life insurance policies issued, amended, or renewed on or after July 1, 2025, prohibits the issuer of the policy from collecting premiums from the policy holder once the policy holder has made premium payments, in the aggregate, equal to the amount of coverage under the life insurance policy. - Amends TCA Title 56.

HB 59, currently withdrawn as of January 27, 2025, would prohibit life insurance issuers from collecting additional premiums once a policyholder has paid total premiums equal to the policy's coverage amount. This applies to policies issued, amended, or renewed on or after July 1, 2025, directly affecting policyholders of qualifying life insurance. The key provision requires insurers to stop requesting further payments after the cumulative premiums paid reach the coverage value, effective July 1, 2025. The bill amends Tennessee Code Title 56 regarding life insurance regulations.