House Bill 1826, also known as Senate Bill 2601, 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. In Section 1, the current limit of "One hundred thousand dollars ($100,000)" is replaced with "Two hundred fifty thousand dollars ($250,000)" in subsection (c)(1)(B). Similarly, Section 2 amends subsection (c)(2) by changing the limit from "one hundred thousand dollars ($100,000)" to "two hundred fifty thousand dollars ($250,000)".

The changes aim to adjust the financial requirements for county mutual insurance companies, reflecting a significant increase in the monetary thresholds. 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)