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

SB 1383: 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 February 18, 2026: Assigned to General Subcommittee of Senate Commerce & Labor Committee

Plain-language summary

SB 1383 is a bill introduced in the Tennessee Senate on February 6, 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: Bo Watson (Republican). Most recent recorded action (February 18, 2026): Assigned to General Subcommittee of Senate Commerce & Labor Committee.

Sponsors

Primary sponsor: Bo Watson (Republican).