Insurors of Tennessee is adamant that its members are protected from legislation that can affect the Insurance industry. Through our lobbying efforts, we aim to keep our members at the forefront of our state legislators when concerning issues arise. Our legislative advocacy is one of our most important member benefits.
Our affiliation with the IIABA, the Big 'I', gives our members a seat at the table in Washington D.C. For more information about the Big 'I' and its efforts at the federal level, click here.
The Importance
- Strengthens the Independent Agent System
- The insurance industry is primarily regulated by the State and contributions made to InsurPACTN go to State office candidates
- Increases agent visibility at the Capitol
- Empowers Insurors and our members to have influence on the political process
Major Accomplishments
CERTIFICATES OF INSURANCE
Passed legislation to define and place various restrictions on certificates of insurance to ensure proper insurance use.
WORKERS' COMP OPT OUT
Successfully defeated opt-out legislation that would have allowed employers to not provide workers’ compensation coverage
REFERRAL FEES
Passed legislation to ensure that agents can adequatley compensate employees & individuals they are in business with.
AGENT BILL OF RIGHTS
Required TDCI to provide notice to agents if they are under investigation and to close pending investigations within two years.
DUTY TO READ
Protected agents by creating a presumption that an insured accepts the coverage provided by paying the premium.
UNFAIR TRADE
Prevented lenders from requiring insurance on both the value of the structure and land from buyers
DRUG FREE
Supported a fair compromise for a drug free work place by reducing the notification from 30 days to 15 days after injury occurs
PRIVILEGE TAX
Exempted agents from PPT, thereby saving them over $2M annually