Amends TCA Title 56.

This bill specifies that health care sharing ministries, as defined by present law, are not deemed to be engaged in a business required to be licensed pursuant to the insurance laws of this state. Federal law defines "health care sharing ministry" as an organization: (1) That is a 501(c)(3) tax-exempt organization; (2) Members of which share a common set of ethical or religious beliefs and share medical expenses among members in accordance with those beliefs and without regard to the state in which a member resides or is employed; (3) Members of which retain membership even after they develop a medical condition; (4) That (or a predecessor of which) has been in existence at all times since December 31, 1999, and medical expenses of its members have been shared continuously and without interruption since at least December 31, 1999; and (5) That conducts an annual audit which is performed by an independent certified public accounting firm in accordance with generally accepted accounting principles and which is made available to the public upon request.