Tennessee SB 504: Financial Responsibility Law - As enacted, 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, 2022. - Amends TCA Title 55 and Title 56.

Status: Comp. became Pub. Ch. 860 (as of 2022-04-26)

State: Tennessee · Session: 112 · Bill: SB 504

Subjects: Financial Responsibility Law

Sponsors: Farmer, Lundberg

View Tennessee SB 504 on LegisTrack → — full text, sponsors, votes, campaign finance, and cross-state matches.