All Roll Calls
Yes: 40 • No: 0
TennesseeSB 0696114th General Assembly (2025-2026)Senate
AN ACT to amend Tennessee Code Annotated, Title 56, Chapter 3, Part 4, relative to investments by insurance companies.
Sponsored By: Sponsor information unavailable
Signed by Governor
Insurance Companies, Agents, Brokers, Policies
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Insurers gain more investment options
Effective upon becoming law, Tennessee raises two insurer investment limits: 1% to 20%, and 5% to 10%. The supplied text does not identify the amounts these percentages apply to. Insurers also gain two money market fund options that meet the federal definition in 17 CFR 270.2a-7. Government funds must invest only in obligations issued, guaranteed, or insured by the United States, or repurchase agreements backed by those obligations. They must qualify for investment without a reserve under the NAIC Investment Analysis Office’s Purposes and Procedures Manual. Alternatively, Class 1 funds must qualify using the manual’s bond Class 1 reserve factor. Both fund types must follow the manual’s listing and listing eligibility rules, including any successor publication. The law does not provide a direct household payment or benefit.
Sponsors & Cosponsors
Sponsors
There is no primary sponsor on record.
Cosponsors
Stevens
Affiliation unavailable
Roll Call Votes
Senate vote • 3/3/2025
FLOOR VOTE: Motion to Adopt 3/3/2025
Yes: 32 • No: 0
Senate vote • 2/25/2025
SENATE COMMERCE AND LABOR COMMITTEE
Yes: 8 • No: 0
Bill Text
Enrolled / Public Chapter
Fiscal Note
Introduced
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