SB 1270 - HB 1304
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
March 1, 2025
Fiscal Analyst: Laura Moore | Email: laura.moore@capitol.tn.gov | Phone: 615-741-2564
SB 1270 - HB 1304
SUMMARY OF BILL: Makes various changes to the rules and regulations related to
insurance companies. Requires a health benefit plan issuer to, within 30 days upon request, provide a
claims experience report to a plan, plan sponsor, or administrator of an Employee Retirement Income and
Security Act of 1974 (ERISA) group health plan. Establishes information that must be included in
such reports. Establishes that a plan, plan sponsor, or plan administrator may use information in
such reports only as necessary to perform treatment, payment, or health care operations, as those
terms are described by the HIPPA Privacy Rule.
Makes various changes relative to a certified reinsurer’s jurisdiction and reciprocal jurisdiction.
Effective January 1, 2026, revises the definition of personal risk insurance in relation to farms.
Makes various changes to provisions relating to the readability, content, and style of life and health
insurance policies.
FISCAL IMPACT:
NOT SIGNIFICANT
Assumptions:
• The proposed legislation will not have a significant impact to the Department of Commerce
and Insurance; any updates to the rules and regulations can be accomplished within existing
resources.
• According to information provided by the Division of TennCare, the provisions of the
legislation will not have a significant impact to health insurance coverage provided by
TennCare.
• According to information provided by the Division of Benefits Administration, passage of
the proposed legislation will have no impact to the State Group Insurance Program health
plan.
• Any fiscal impact to state or local government is estimated to be not significant.
IMPACT TO COMMERCE:
NOT SIGNIFICANT
SB 1270 - HB 1304 2
Assumption:
• The overall impact to commerce or jobs in Tennessee is estimated to be not significant.
CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director