House Bill 1077 amends various sections of the Tennessee Code Annotated related to insurance. Specifically, it modifies the duration of a license's validity by changing the language in Section 56-6-107(b)(1) to state that a license will remain in effect for twenty-four (24) months from the last day of the licensee's birth month. Additionally, it updates the deadline for license renewal in Section 56-6-107(b)(2) by changing the date from "March 1" to "March 15."

The bill aims to streamline the licensing process for insurance professionals in Tennessee by clarifying the timeframes associated with license validity and renewal. The changes are intended to enhance the efficiency of the licensing system while ensuring compliance with state regulations. The act will take effect upon becoming law, emphasizing the importance of public welfare in its implementation.

Statutes affected:
Introduced: 56-6-107(b), 56-6-107, 56-6-107(b)(2)