Tennessee Expands Commercial Lines Dereg

Tennessee Expands Commercial Lines Dereg Statute

The Governor has signed TN SB 1795, which updates Tennessee’s commercial lines deregulation law. The bill adds a number of commercial lines to the already existing Inland Marine exemption. It also clarifies that the insurance coverages listed are exempt from filing requirements with respect to rates, supplementary rate information, policy forms, and endorsements, whether the insurance coverage is endorsed to or sold as a stand-alone policy. Lastly, it decreases the premium threshold in the definition of an "Exempt commercial risk policyholder". This act took effect upon becoming a law – May 21, 2018.

TN SB 1795