Insurance Companies, Agents, Brokers, Policies - As introduced, requires an insurance company that is admitted to do business in this state and insures the tangible personal property of a policyholder who resides in this state to provide a discount to the policyholder through the policyholder's homeowners or renters insurance policy if the policyholder secures the policyholder's firearms in a firearm safe or uses a firearm safety device for the firearms and requests to receive the annual discount. - Amends TCA Title 56.

SB 1243 requires Tennessee insurance companies to offer an annual discount on homeowners or renters insurance policies to policyholders who secure their firearms in a safe or use a firearm safety device and request the discount. It directly affects Tennessee residents who own firearms and carry insurance covering their personal property. The bill mandates that insurers provide this discount through the policyholder’s existing billing cycle and include notice about it with each bill, without requiring policyholders to disclose firearm ownership. The discount applies only if the policyholder actively requests it and meets the safety storage requirements. The law takes effect July 1, 2025, for new or renewed policies.