Tennessee · 114th Regular Session (2025-2026) · Bill

HB 476: Comptroller, State - As introduced, increases from $50,000 to $100,000 the bond amount that every insurance company doing a workers' compensation business in this state must furnish with a surety company; increases from $100,000 to $200,000 the certificate amount that such a company may deposit with the commissioner of labor and workforce development in lieu of the bond. - Amends TCA Title 12; Title 29; Title 50 and Title 56.

In committee Last action March 18, 2026: Taken off notice for cal in s/c Insurance Subcommittee of Insurance Committee

Plain-language summary

HB 476 is a bill introduced in the Tennessee House on January 28, 2025. According to its official title, it concerns: Comptroller, State - As introduced, increases from $50,000 to $100,000 the bond amount that every insurance company doing a workers' compensation business in this state must furnish with a surety company; increases from $100,000 to $200,000 the certificate amount that such a company may deposit with the commissioner of labor and workforce development in lieu of the bond. - Amends TCA Title 12; Title 29; Title 50 and Title 56. Primary sponsor: Gino Bulso (Republican). Most recent recorded action (March 18, 2026): Taken off notice for cal in s/c Insurance Subcommittee of Insurance Committee.

Sponsors

Primary sponsor: Gino Bulso (Republican).