Bill
Bill > HB0705
summary
Introduced
02/03/2025
02/03/2025
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, changes, from June 1 to July 1, the date by which an insurer or insurance group must submit its disclosure to the commissioner of commerce and insurance as required under the Corporate Governance Annual Disclosure Act. - Amends TCA Title 56.
AI Summary
This bill amends Tennessee Code Annotated, Section 56-2-904(a), which is part of the Corporate Governance Annual Disclosure Act, by changing the deadline for insurers or insurance groups to submit their disclosure to the commissioner of commerce and insurance from June 1 to July 1. This relatively simple legislative change provides insurance companies with an additional month to prepare and submit their mandatory annual corporate governance disclosure documents. The bill will take effect immediately upon becoming law, as specified in Section 2, which emphasizes that the public welfare requires its prompt implementation. By extending the submission deadline, the bill gives insurance companies more time to compile and review their comprehensive governance reports before submitting them to state regulators.
Sponsors (1)
Last Action
P2C, caption bill, held on desk - pending amdt. (on 02/06/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0705&ga=114 |
| Fiscal Note - HB0705 | https://www.capitol.tn.gov/Bills/114/Fiscal/HB0705.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB0705.pdf |
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