Insurance Companies, Agents, Brokers, Policies - As enacted, requires a health benefit plan issuer to provide no later than 30 days after a health benefit plan issuer receives a written request for a claims experience report from a plan, plan sponsor, or plan administrator, the report to the requesting party; prohibits coverage by a commercial risk insurance policy of farm risks or real or personal property used in farming from being considered in determining whether property is classified as farm or agricultural property under another law or rule in this state; revises provisions relating to reinsurance and risk insurance; revises provisions relating to the readability, content, and style of life and health insurance policies. - Amends TCA Title 56 and Section 68-1-115.

114th Regular Session (2025-2026) Introduced by William Lamberth

Tennessee requires health insurers to deliver claims reports within 30 days, clarifies farm insurance doesn't determine agricultural property status, and revises insurance policy readability standards.

Comp. became Pub. Ch. 183

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Legislative bill overview

HB 1304 modifies Tennessee insurance regulations across three main areas: requiring health insurers to deliver claims experience reports within 30 days of written request, clarifying that commercial farm insurance doesn't determine agricultural property classification under other state laws, and revising standards for reinsurance, risk insurance, and the readability/content of life and health insurance policies.

Why is this important

These changes affect how quickly businesses and plan administrators can access claims data for decision-making, clarify property tax and zoning classifications for farm operations, and establish new baseline standards for insurance policy clarity and accessibility. The 30-day reporting requirement creates enforceable timelines for information access that previously lacked specific deadlines.

Potential points of contention

Claims reporting compliance burden: Insurers may face operational challenges meeting 30-day deadlines for complex claims data compilation, potentially requiring system upgrades or staffing increases

Agricultural property classification scope: The prohibition on using commercial farm insurance to classify property could create gaps or unintended consequences for landowners managing mixed-use properties or those planning property tax assessments

Policy readability standards: New requirements for "readability, content, and style" lack specific definition in the bill summary, potentially creating ambiguity in enforcement and compliance interpretation