House Bill 476 amends various sections of the Tennessee Code Annotated related to insurance, specifically focusing on workers' compensation benefits. The bill increases the maximum compensation for permanent partial disability from fifty thousand dollars ($50,000) to one hundred thousand dollars ($100,000) in Section 50-6-404(a)(1). Additionally, it raises the maximum compensation for permanent total disability from one hundred thousand dollars ($100,000) to two hundred thousand dollars ($200,000) in Section 50-6-404(b).

The changes aim to enhance the financial support available to injured workers in Tennessee, reflecting an adjustment to the compensation limits to better meet the needs of those affected by workplace injuries. The new provisions will take effect on January 1, 2026, ensuring that the adjustments are implemented in a timely manner for future claims.

Statutes affected:
Introduced: 50-6-404(a)(1), 50-6-404, 50-6-404(b)