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TennesseeSB 0696114th General Assembly (2025-2026)SenateWALLET

AN ACT to amend Tennessee Code Annotated, Title 56, Chapter 3, Part 4, relative to investments by insurance companies.

Sponsored By: Jack Johnson (Republican)

Became Law

Insurance Companies, Agents, Brokers, Policies

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

More investment flexibility for insurers

The law loosens investment rules for Tennessee-regulated insurance companies. It raises one cap from 1% to 20% and another from 5% to 10%. Insurers may invest in certain money market funds that meet federal Rule 2a-7 and the NAIC manual. Government funds must hold only U.S. government obligations or qualified repos; Class 1 funds must meet the bond Class 1 standard. The law takes effect upon becoming a law.

Sponsors & Cosponsors

Sponsor

  • Jack Johnson

    Republican • Senate

Cosponsors

  • John Stevens

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 40 • No: 0

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

Actions Timeline

  1. Pub. Ch. 71

    4/8/2025

  2. Effective date(s) 03/25/2025

    4/8/2025

  3. Signed by Governor.

    3/25/2025Senate

  4. Transmitted to Governor for action.

    3/13/2025Senate

  5. Signed by Senate Speaker

    3/12/2025Senate

  6. Signed by H. Speaker

    3/12/2025House

  7. Enrolled and ready for signatures

    3/11/2025Senate

  8. Subst. for comp. HB.

    3/10/2025House

  9. Passed H., Ayes 95, Nays 0, PNV 0

    3/10/2025House

  10. Rcvd. from S., held on H. desk.

    3/6/2025House

  11. Passed Senate, Ayes 32, Nays 0

    3/3/2025Senate

  12. Engrossed; ready for transmission to House

    3/3/2025Senate

  13. Sponsor(s) Added.

    3/3/2025Senate

  14. Placed on Senate Consent Calendar 2 for 3/3/2025

    2/27/2025Senate

  15. Recommended for passage, refer to Senate Calendar Committee

    2/25/2025Senate

  16. Placed on Senate Commerce and Labor Committee calendar for 2/25/2025

    2/18/2025Senate

  17. Passed on Second Consideration, refer to Senate Commerce and Labor Committee

    2/12/2025Senate

  18. Introduced, Passed on First Consideration

    2/10/2025Senate

  19. Filed for introduction

    2/3/2025Senate

Bill Text

  • Enrolled / Public Chapter

    PDF

  • Fiscal Note

    PDF

  • Introduced

    PDF

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