Tennessee HB1240 mandates insurance discounts for policyholders who secure firearms in a safe or use a firearm safety device.
HB1240 amends Tennessee Code to require insurance companies to offer discounts to policyholders who secure firearms in a safe or use a firearm safety device. The discount applies to homeowners or renters insurance policies issued or renewed on or after July 1, 2025. The discount must align with the policyholder's billing cycle and be communicated with each recurring bill. Policyholders must request the discount to qualify.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.