House Bill 1826, sponsored by Eldridge, proposes amendments to Tennessee Code Annotated, Title 56, Chapter 22, which pertains to county mutual insurance companies. The bill specifically increases the financial thresholds for certain requirements within the law. It replaces the existing amount of "One hundred thousand dollars ($100,000)" with "Two hundred fifty thousand dollars ($250,000)" in two sections: Section 56-22-106(c)(1)(B) and Section 56-22-106(c)(2).

The changes aim to adjust the financial standards for county mutual insurance companies, reflecting a significant increase in the required amounts. This bill is set to take effect on July 1, 2026, contingent upon the public welfare.

Statutes affected:
Introduced: 56-22-106(c)(1)(B), 56-22-106, 56-22-106(c)(2)