Bill > SB1579

This bill, known as the "Zero Estimated Exposure Policy Act," amends Tennessee law regarding workers' compensation for construction service providers. It establishes a "zero estimated exposure policy" as insurance obtained by a construction services provider that reports zero total estimated exposure for their liability to pay workers' compensation. If a construction services provider obtains such a policy, they must notify all entities they contract with for construction or improvement services, providing written notification of their zero estimated exposure and a copy of the policy, which these entities must keep for three years, unless the entity is a homeowner improving their primary residence. Insurers are required to obtain a signed statement from applicants for these policies attesting to the accuracy of their information, including having no employees and zero estimated exposure, and acknowledging that failing to report changes like hiring employees within sixty days can lead to criminal charges. The bill also amends existing law to include the construction services provider's total estimated exposure amount and reported classification codes for a zero estimated exposure policy.

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https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1579&ga=114