Senate Bill 1000 amends various sections of the Tennessee Code Annotated related to insurance. Specifically, it modifies the duration of a license's validity by stating that a license will remain in effect for twenty-four (24) months from the last day of the licensee's birth month, replacing the previous language. Additionally, the bill changes the deadline for certain submissions from "March 1" to "March 15."
The bill is designed to streamline the licensing process and provide a clearer timeline for license renewals. It is set to take effect immediately upon becoming law, emphasizing the importance of the changes for public welfare.
Statutes affected: Introduced: 56-6-107(b), 56-6-107, 56-6-107(b)(2)