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

SB 998: Insurance Companies, Agents, Brokers, Policies - As introduced, increases, from 30 to 35 days, the time that an insurance company has to remove a person as an officer or director of the company after receipt of an order from the commissioner of commerce and insurance to do so. - Amends TCA Title 4; Title 56 and Title 71.

In committee Last action February 12, 2025: Passed on Second Consideration, refer to Senate Commerce and Labor Committee

Plain-language summary

SB 998 is a bill introduced in the Tennessee Senate on February 5, 2025. According to its official title, it concerns: Insurance Companies, Agents, Brokers, Policies - As introduced, increases, from 30 to 35 days, the time that an insurance company has to remove a person as an officer or director of the company after receipt of an order from the commissioner of commerce and insurance to do so. - Amends TCA Title 4; Title 56 and Title 71. Primary sponsor: Paul Bailey (Republican). Most recent recorded action (February 12, 2025): Passed on Second Consideration, refer to Senate Commerce and Labor Committee.

Sponsors

Primary sponsor: Paul Bailey (Republican).