House Bill 476, sponsored by Vaughan, proposes amendments to the Tennessee Code Annotated concerning insurance regulations. Specifically, it modifies the compensation limits for workers' compensation claims. The bill increases the maximum compensation amount from fifty thousand dollars ($50,000) to one hundred thousand dollars ($100,000) in Section 50-6-404(a)(1) and raises the limit from one hundred thousand dollars ($100,000) to two hundred thousand dollars ($200,000) in Section 50-6-404(b).

The changes aim to enhance the financial support available to injured workers in Tennessee. The bill is set to take effect on January 1, 2026, ensuring that the adjustments are implemented in a timely manner to benefit those affected by workplace injuries.

Statutes affected:
Introduced: 50-6-404(a)(1), 50-6-404, 50-6-404(b)