Amends TCA Title 56.
Tennessee SB1243 mandates that insurance companies providing homeowners or renters insurance in the state offer a discount to policyholders who secure their firearms in a safe or use a firearm safety device, effective for policies issued or renewed on or after July 1, 2025. The bill affects policyholders residing in Tennessee and requires insurance companies to inform policyholders about the discount in their billing statements. Notably, it does not obligate policyholders to disclose firearm ownership or presence to qualify for the discount.
Tennessee SB1243 mandates that insurance companies providing homeowners or renters insurance in the state offer a discount to policyholders who secure their firearms in a safe or use a firearm safety device, effective for policies issued or renewed on or after July 1, 2025. The bill affects policyholders residing in Tennessee and requires insurance companies to inform policyholders about the discount in their billing statements. Notably, it does not obligate policyholders to disclose firearm ownership or presence to qualify for the discount.
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Massey, Becky
114th General Assembly
February 6, 2025
March 18, 2025
Assigned to General Subcommittee of Senate Commerce and Labor Committee