Bill > HB1304

This bill introduces several key provisions related to insurance regulations in Tennessee. First, it establishes a new requirement for health benefit plan issuers to provide comprehensive claims experience reports to group health plan sponsors or administrators within 30 days of receiving a written request. These reports must include detailed information such as aggregate paid claims by month, total premiums, number of covered employees by coverage tier, and an aggregate report of claims exceeding $75,000, covering up to a 36-month period. The bill clarifies that such information can only be used in compliance with HIPAA regulations and provides legal protection for insurers releasing the information. Additionally, the bill makes technical amendments to various sections of Tennessee insurance law, including redefining commercial and personal risk insurance categories, particularly for farm-related properties, and modifying readability standards for insurance policy forms by requiring a minimum Flesch reading ease test score and mandating a table of contents for policies over 3,000 words. The bill also removes certain existing sections of insurance law and specifies different effective dates for various sections, with some provisions taking effect immediately, others in July 2025, and some in January 2026.

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https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1304&ga=114