House Bill 508, sponsored by Terry, proposes an amendment to Tennessee Code Annotated regarding insurance regulations. Specifically, it modifies Section 56-7-1506 by changing the timeframe for a certain requirement from "thirty (30) days" to "sixty (60) days." This adjustment aims to provide a longer period for compliance or action related to insurance policies.

The bill is set to take effect on January 1, 2026, and will apply to all insurance policies and certificates that are entered into, issued, delivered, amended, or renewed on or after that date. This change is intended to enhance the flexibility and responsiveness of insurance practices in Tennessee.

Statutes affected:
Introduced: 56-7-1506