Insurance, Health, Accident - As introduced, extends from 30 to 60 days the period of time following delivery of a medicare supplement policy or certificate during which an applicant may have the premium refunded, and about which each medicare supplement policy or certificate must have notice prominently printed on the first page of the policy or certificate. - Amends TCA Title 4, Chapter 3, Part 13; Title 8; Title 55, Chapter 12; Title 56 and Title 71.
SB 552 extends the refund period for Medicare supplement insurance policies in Tennessee from 30 to 60 days after policy delivery. It directly affects consumers purchasing these policies by giving them more time to cancel and receive a refund if they change their mind. The bill requires insurers to prominently display this 60-day window on the first page of every policy or certificate. This change applies to all new, renewed, or amended policies issued on or after January 1, 2026.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 10, 2025
Last action Mar 18, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
2
Committee
4
Mar 18, 2025
Committee
Assigned to General Subcommittee of Senate Commerce and Labor Committee
lower
Mar 13, 2025
Lower · Passed
Placed on Senate Commerce and Labor Committee calendar for 3/18/2025
lower
Mar 11, 2025
Lower · Passed
Placed on Senate Commerce and Labor Committee calendar for 3/18/2025
lower
Feb 12, 2025
Committee
Passed on Second Consideration, refer to Senate Commerce and Labor Committee
upper
Feb 10, 2025
Introduced
Introduced, Passed on First Consideration
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Shane Reeves
RRepublican
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