Amends TCA Title 12; Title 29; Title 50 and Title 56.
Tennessee HB0476 proposes to amend existing laws regarding the bond requirements for insurance companies engaged in workers' compensation business within the state. Specifically, it increases the required bond amount from $50,000 to $100,000 and raises the certificate deposit amount that companies may provide in lieu of the bond from $100,000 to $200,000. This bill affects insurance companies operating in the workers' compensation sector and aims to enhance financial security measures within the industry.
Tennessee HB0476 proposes to amend existing laws regarding the bond requirements for insurance companies engaged in workers' compensation business within the state. Specifically, it increases the required bond amount from $50,000 to $100,000 and raises the certificate deposit amount that companies may provide in lieu of the bond from $100,000 to $200,000. This bill affects insurance companies operating in the workers' compensation sector and aims to enhance financial security measures within the industry.
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Bulso, Gino
114th General Assembly
January 28, 2025
March 18, 2026
Taken off notice for cal in s/c Insurance Subcommittee of Insurance Committee