SB1227 — Insurance Companies, Agents, Brokers, Policies - As enacted, clarifies that payments of fees to a trade or professional association exempt from income tax under § 501(c) of the Internal Revenue Code do not constitute an unfair trade practice in the business of insurance. - Amends TCA Title 56, Chapter 8.

SB1227 — Insurance Companies, Agents, Brokers, Policies - As enacted, clarifies that payments of fees to a trade or professional association exempt from income tax under § 501(c) of the Internal Revenue Code do not constitute an unfair trade practice in the business of insurance. - Amends TCA Title 56, Chapter 8. · Informed CitizenryThis bill amends Tennessee Code Annotated, Title 56, Chapter 8, regarding unfair trade practices in insurance. It adds a new subdivision to Section 56-8-104(8) that clarifies the payment of fees to…Open in Informed Citizenry