Tennessee HB0059 amends insurance laws to prevent life insurance issuers from requesting further premiums once policyholders have paid the full.
Tennessee HB0059 amends the insurance laws to ensure that life insurance issuers cannot request additional premium payments once the policyholder has made payments equal to the coverage amount. This change applies to policies issued, amended, or renewed on or after July 1, 2025. The bill defines "life insurance" as per existing Tennessee Code.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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