House Bill 508, sponsored by Terry, amends various sections of the Tennessee Code Annotated related to insurance. Specifically, it modifies Section 56-7-1506 by changing the notice period for certain insurance actions from "thirty (30) days" to "sixty (60) days." This adjustment aims to provide policyholders with a longer timeframe to respond to insurance-related notifications.

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 consumer protection by allowing individuals more time to address important insurance matters.

Statutes affected:
Introduced: 56-7-1506