Senate Bill 1270 amends various sections of the Tennessee Code Annotated, primarily focusing on insurance regulations. A significant addition is the establishment of a new section (56-2-1__) that mandates health benefit plan issuers to provide a claims experience report within thirty days of a written request from a plan, plan sponsor, or plan administrator. This report must include detailed information such as aggregate paid claims, total premiums, and the number of covered employees over the preceding thirty-six months. Additionally, the bill outlines the requirements for supplemental reports following the termination of coverage and clarifies the permissible use of the information contained in these reports.

The bill also includes several amendments to existing sections, such as changing the term "active" to "inactive" in Section 56-2-208(b)(6)(F)(vi)(c), and modifying various provisions related to letters of credit and policy form requirements. Notably, it deletes certain sections related to insurance regulations and updates definitions, ensuring clarity and compliance with federal standards. The bill's provisions will take effect at different times, with some sections becoming law immediately, while others will be effective from July 1, 2025, and January 1, 2026, depending on the specific amendments.

Statutes affected:
Introduced: 56-2-208(b)(6)(F)(vi)(c), 56-2-208, 56-2-208(b)(8)(C)(iii), 56-2-208(b)(8)(D), 56-2-208(b)(10), 56-2-208(b)(11)(B)(ii), 56-2-208(b)(11)(C), 56-2-209(a)(2), 56-2-209, 56-2-209(a)(2)(C), 56-2-209(b), 56-2-209(c), 56-2-209(g)(4), 56-5-102(7), 56-5-102, 56-7-1605(a), 56-7-1605, 56-7-1605(b)(1), 56-7-1605(c), 68-1-115