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TN HB0059

Bill

Official Source

Status

Introduced

1/6/2025

Primary Sponsor

Yusuf Hakeem

Click for details

Origin

House of Representatives

114th General Assembly

AI Summary

  • Prohibits life insurance companies from collecting premium payments once a policyholder's total premiums paid equal the policy's coverage amount
  • Applies to life insurance policies issued, amended, or renewed on or after July 1, 2025
  • Bars insurers from requesting additional premium payments after the coverage threshold is reached
  • Effective date: July 1, 2025

Legislative Description

AN ACT to amend Tennessee Code Annotated, Title 56, relative to insurance.

Insurance, Life

Last Action

Withdrawn.

1/27/2025

Committee Referrals

Insurance Subcommittee2/3/2025
Insurance1/16/2025

Full Bill Text

No bill text available