2025-2026 Regular SessionTennessee Legislature

HB1240: AN ACT to amend Tennessee Code Annotated, Title 56, relative to insurance discounts.

Legislative Summary

As introduced, requires an insurance company that is admitted to do business in this state and insures the tangible personal property of a policyholder who resides in this state to provide a discount to the policyholder through the policyholder's homeowners or renters insurance policy if the policyholder secures the policyholder's firearms in a firearm safe or uses a firearm safety device for the firearms and requests to receive the annual discount. - Amends TCA Title 56.

Demographic Impact

Overall analysis of equity impact

Neutral
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Bill History

2/6/2025
Filed for introduction
House of Representatives
2/10/2025
Intro., P1C.
House of Representatives
2/11/2025
Sponsor(s) Added.
House of Representatives
2/12/2025
P2C, ref. to Insurance Committee
House of Representatives
2/12/2025
Assigned to s/c Insurance Subcommittee
House of Representatives
2/12/2025
Placed on s/c cal Insurance Subcommittee for 2/19/2025
House of Representatives
2/19/2025
Meeting Canceled
House of Representatives
2/19/2025
Sponsor(s) Added.
House of Representatives
2/25/2025
Sponsor(s) Added.
House of Representatives
3/12/2025
Placed on s/c cal Insurance Subcommittee for 3/19/2025
House of Representatives
3/19/2025
Taken off notice for cal in s/c Insurance Subcommittee of Insurance Committee
House of Representatives

Status Information

Current Status
Introduced(2/6/2025)
Chamber
House of Representatives

Documents

Draft
Bill Text2/6/202510.5 KB
Fiscal Note
Fiscal Note2/13/2025115.3 KB