SB307 — Financial Responsibility Law - As introduced, increases from $15,000 to $25,000 the minimum amount of insurance coverage for property damage in any one accident that is required for a split-limit motor vehicle insurance policy to qualify as proof of financial security under the financial responsibility law for policies issued or renewed after December 31, 2019. - Amends TCA Title 55 and Title 56.

SB307 — Financial Responsibility Law - As introduced, increases from $15,000 to $25,000 the minimum amount of insurance coverage for property damage in any one accident that is required for a split-limit motor vehicle insurance policy to qualify as proof of financial security under the financial responsibility law for policies issued or renewed after December 31, 2019. - Amends TCA Title 55 and Title 56. · Informed CitizenryThis bill amends the Tennessee Code to update the minimum insurance coverage requirements for motor vehicle policies. Specifically, it increases the minimum amount of insurance coverage for propert…Open in Informed Citizenry