Amends TCA Title 56, Chapter 3, Part 4.
Tennessee HB0161 amends existing laws to increase the investment limits for domestic insurance companies in foreign securities from 1% to 20% of their admitted assets and in loans and investments from 5% to 10% of admitted assets. The bill also permits domestic insurance companies to invest in specific types of money market funds, including government and Class 1 money market funds, provided they comply with the National Association of Insurance Commissioners' guidelines. This legislation primarily affects domestic insurance companies operating in Tennessee by expanding their investment opportunities.
Tennessee HB0161 amends existing laws to increase the investment limits for domestic insurance companies in foreign securities from 1% to 20% of their admitted assets and in loans and investments from 5% to 10% of admitted assets. The bill also permits domestic insurance companies to invest in specific types of money market funds, including government and Class 1 money market funds, provided they comply with the National Association of Insurance Commissioners' guidelines. This legislation primarily affects domestic insurance companies operating in Tennessee by expanding their investment opportunities.
Track Tennessee Legislation Like a Pro
Join hundreds of professionals using LegisGo to stay ahead of legislative changes.
Instant Alerts
Get notified when bills you track move through the legislature
AI Summaries
Understand complex legislation in seconds with AI-powered analysis
Full Access
All 132 legislators, committee schedules, and voting records