House Bill 1477, sponsored by Hakeem, proposes an amendment to Tennessee Code Annotated regarding insurance regulations. Specifically, it modifies Section 56-1-106(a)(2)(A) by changing the time frame from "thirty (30) days" to "thirty (30) business days." This adjustment aims to clarify the timeline for certain insurance-related processes.

The bill is set to take effect immediately upon becoming law, emphasizing the urgency of the amendment for public welfare. The change in terminology from "days" to "business days" is intended to provide a more precise understanding of the time required for compliance or action within the insurance framework.

Statutes affected:
Introduced: 56-1-106(a)(2)(A), 56-1-106