Amends TCA Title 12; Title 29; Title 50 and Title 56.

Tennessee SB1383 proposes to amend existing laws regarding workers' compensation insurance by increasing the required bond amount for insurance companies from $50,000 to $100,000 and raising the certificate deposit amount from $100,000 to $200,000 that companies may provide to the commissioner of labor and workforce development as an alternative to the bond. This bill affects insurance companies operating in the workers' compensation sector within Tennessee. Key provisions include the specified increases in bond and certificate amounts, which aim to enhance financial security in the workers' compensation system.