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HB 296

Insurance Companies, Agents, Brokers, Policies - As enacted, requires TACIR to conduct a study on the feasibility of implementing and potential effects of enacting the insurance coverage requirements proposed in Senate Bill 231 of the 114th General Assembly, as originally filed; requires TACIR to publish a report of its findings and recommendations. - Amends TCA Title 8; Title 56; Title 63; Title 68 and Title 71.

114th Regular Session (2025-2026) Introduced by Harold Love

Tennessee bill directs insurance study commission to analyze feasibility of previously proposed insurance coverage mandates and report findings.

Comp. became Pub. Ch. 416
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Bill Summary · HB 296

Legislative bill overview

HB 296 requires the Tennessee Advisory Commission on Intergovernmental Relations (TACIR) to study the feasibility and potential effects of insurance coverage requirements that were originally proposed in Senate Bill 231 from the 114th General Assembly. The bill mandates TACIR to publish findings and recommendations based on this study, ultimately becoming public law (Chapter 416).

Why is this important

This bill represents a legislative attempt to gather empirical data before potentially implementing new insurance mandates that could affect insurance rates, coverage availability, and consumer access across multiple sectors regulated under Tennessee's insurance codes. The study's findings could inform future policy decisions on whether mandatory coverage requirements are economically viable and beneficial for Tennessee residents.

Potential points of contention

  • Scope ambiguity: The bill references SB 231 "as originally filed," but without seeing that bill's specific coverage requirements, it's unclear what protections or mandates are being studied, making it difficult to assess potential costs or benefits.
  • Implementation timeline: The bill doesn't specify a deadline for TACIR's study completion, potentially creating indefinite delays before meaningful policy action occurs.
  • Fiscal impact uncertainty: The study itself requires TACIR resources, and the ultimate recommendations could impose significant compliance costs on insurance companies that may be passed to consumers, or conversely, could restrict coverage options.

Compiled from official sources — confirm details with the bill’s official record.

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