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SB 865

Insurance Companies, Agents, Brokers, Policies - As introduced, changes, from June 1 to July 1, the date by which an insurer or insurance group must submit its disclosure to the commissioner of commerce and insurance as required under the Corporate Governance Annual Disclosure Act. - Amends TCA Title 56.

114th Regular Session (2025-2026)

SB 865 delays insurance company corporate governance disclosure deadlines to the commissioner from June 1 to July 1 annually in Tennessee.

Recommended for passage, refer to Senate Calendar Committee
#agents #brokers #insurancecompanies #policies
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Bill Summary · SB 865

Legislative bill overview

SB 865 changes the deadline for insurance companies and groups to submit their annual corporate governance disclosures to Tennessee's Commissioner of Commerce and Insurance from June 1 to July 1. This is a one-month extension affecting compliance requirements under the existing Corporate Governance Annual Disclosure Act.

Why is this important

Insurance regulatory compliance deadlines affect operational planning for insurers and administrative workload for state regulators. A one-month extension can impact the timing of regulatory reviews, consumer protection oversight, and the financial reporting cycle for insurance companies operating in Tennessee.

Potential points of contention

  • Administrative burden justification: No clear explanation provided for why the extension is necessary or what problem it solves for insurers or the state
  • Regulatory oversight timing: Moving the deadline into summer months may create scheduling conflicts with legislative sessions or regulatory committee meetings when staff availability is limited
  • Competitive impact: If other states maintain earlier deadlines, this could create uneven compliance burdens across state lines, though the practical significance is likely minimal for national insurers

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

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