House Bill 1478 amends Tennessee Code Annotated, Section 71-5-142, by modifying the language regarding the comptroller of the treasury. Specifically, it deletes the word "either" and inserts ", the comptroller of the treasury," after "department of commerce and insurance" in subsection (a). This change clarifies the roles and responsibilities related to the comptroller within the context of the law.

The bill is set to take effect immediately upon becoming law, emphasizing the importance of the changes for the public welfare.

Statutes affected:
Introduced: 71-5-142(a), 71-5-142