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Subcommittee approves bill to align foreign-investment limits for property and casualty insurers with life insurers
2284405 · February 12, 2025
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Summary
House Bill 161 passed the Insurance Subcommittee on Feb. 12 to raise the allowable investment in foreign-owned companies for property and casualty insurance companies to 20%, matching the current limit for life insurers, the sponsor said.
The Tennessee House Insurance Subcommittee voted Feb. 12 to advance House Bill 161, which would change state limits on investments by property and casualty insurance companies in foreign-owned companies to match the current 20% allowance for life insurers.
Sponsor Chairman…
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