SB 1000 - HB 1077
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
March 17, 2025
Fiscal Analyst: Laura Moore | Email: laura.moore@capitol.tn.gov | Phone: 615-741-2564
SB 1000 - HB 1077
SUMMARY OF BILL: Makes changes under the Tennessee Producer Licensing Act of 2022 (Act).
Removes outdated language relative to licensing renewals for an insurance producer license.
Changes, from March 1
st
to March 15
th
the date in which a business entity license expires biennially
under the Act.
FISCAL IMPACT:
NOT SIGNIFICANT
Assumptions:
• The Act and licensees are regulated under the Department of Commerce and Insurance.
• The provisions of the legislation are not estimated to impact the total number of licensees
under the Act or the amount of fee revenue collections; therefore, any impact is estimated
to be not significant.
IMPACT TO COMMERCE:
NOT SIGNIFICANT
Assumption:
• The proposed legislation will have no significant impact on jobs or commerce in Tennessee.
CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director