Senate Bill 1579, sponsored by Walley, introduces the "Zero Estimated Exposure Policy Act" to amend Tennessee's workers' compensation laws. This new section mandates that construction services providers who obtain a zero estimated exposure policy must notify all contracting entities of their total estimated exposure being zero and provide a copy of the policy. These entities are required to maintain this notification and policy for three years, although homeowners contracting for single-family residences are exempt from this retention requirement.

Additionally, the bill stipulates that insurers must include a signed statement from applicants for zero estimated exposure policies, attesting to the accuracy of their information, including the absence of employees and a zero estimated exposure. If the applicant's situation changes during the policy period, they must notify their workers' compensation insurer within sixty days. The bill also amends existing law to include provisions related to the total estimated exposure amount and classification codes for construction services providers under zero estimated exposure policies. The act is set to take effect on July 1, 2027.

Statutes affected:
Introduced: 50-6-421(b), 50-6-421