House Bill 1077, also known as Senate Bill 1000, proposes amendments to various sections of the Tennessee Code Annotated related to insurance. Specifically, it modifies Section 56-6-107(b) by changing the duration of a license from the last day of the licensee's birth month to a period of twenty-four (24) months. Additionally, it updates the deadline for a specific requirement by changing the date from "March 1" to "March 15."
The bill aims to streamline the licensing process and provide clarity regarding the timeline for license validity and renewal. It is set to take effect immediately upon becoming law, emphasizing the importance of these changes for the public welfare.
Statutes affected: Introduced: 56-6-107(b), 56-6-107, 56-6-107(b)(2)