---
type: "Bill"
title: "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."
description: "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."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "112"
identifier: "SB 504"
citation: "Tennessee SB 504 (112)"
classification: ["bill"]
subjects: ["Financial Responsibility Law"]
status: "enacted"
primary_sponsors: ["Farmer", "Lundberg"]
version_count: 2
action_count: 36
vote_count: 8
first_action: "2021-02-08"
last_action: "2022-04-26"
source: "openstates"
source_identifier: "ocd-bill/7834702c-23a6-426c-8dbb-60eed7158ff4"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB0504&GA=112"
source_hash: "a513fa419a5fd88fbf8d1db067a87a9a40e8da006ebd9abc97d8c13558ba66ee"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-tn"]
---

# Tennessee SB 504 (112) — 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.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Amendment HA0737** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/112/Amend/HA0737.pdf)
2. **Current Version** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/112/Bill/SB0504.pdf)

## Votes

- FLOOR VOTE: REGULAR CALENDAR MOTION TO ADOPT AMENDMENT # 1 BY FARMER PASSAGE ON THIRD CONSIDERATION 3/24/2022 Passed — **85–0** (pass) · lower
- SENATE COMMERCE AND LABOR COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 3/15/2022 Passed — **9–0** (pass) · upper
- FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION 3/24/2022 Passed — **83–0** (pass) · lower
- HOUSE INSURANCE COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 3/15/2022 — **0–0** (pass) · lower
- HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Regular Calendar for 3/24/2022 3/17/2022 (1) — **0–0** (fail) · lower
- INSURANCE SUBCOMMITTEE: Rec. for pass by s/c ref. to Insurance Committee 3/8/2022 — **0–0** (pass) · lower
- FLOOR VOTE: Concur in House Amend# 1 3/30/2022 Passed — **32–0** (pass) · upper
- FLOOR VOTE: Motion to Adopt 3/21/2022 Passed — **30–0** (pass) · upper

## Sponsors

- Farmer — primary (person)
- Lundberg — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-02-08** Filed for introduction `introduction, reading-1`
- **2021-02-10** Introduced, Passed on First Consideration `introduction`
- **2021-02-10** Filed for introduction `introduction, reading-1`
- **2021-02-11** Passed on Second Consideration, refer to Senate Commerce and Labor Committee
- **2021-02-11** Intro., P1C. `introduction`
- **2021-02-22** P2C, ref. to Insurance Subcommittee `referral-committee`
- **2021-02-22** P2C, ref. to Insurance Committee `referral-committee`
- **2021-03-26** Assigned to General Subcommittee of Senate Commerce & Labor Committee `referral-committee`
- **2022-03-02** Placed on Senate Commerce and Labor Committee calendar for 3/8/2022
- **2022-03-02** Placed on s/c cal Insurance Subcommittee for 3/8/2022
- **2022-03-08** Action deferred in Senate Commerce and Labor Committee to 3/15/2022
- **2022-03-08** Rec. for pass by s/c ref. to Insurance Committee `committee-passage-favorable`
- **2022-03-09** Placed on Senate Commerce and Labor Committee calendar for 3/15/2022
- **2022-03-09** Placed on cal. Insurance Committee for 3/15/2022
- **2022-03-15** Recommended for passage, refer to Senate Calendar Committee
- **2022-03-15** Rec. for pass; ref to Calendar & Rules Committee `committee-passage-favorable`
- **2022-03-16** Placed on cal. Calendar & Rules Committee for 3/17/2022
- **2022-03-17** Placed on Senate Consent Calendar 2 for 3/21/2022
- **2022-03-17** H. Placed on Regular Calendar for 3/24/2022
- **2022-03-21** Engrossed; ready for transmission to House
- **2022-03-21** Passed Senate, Ayes 30, Nays 0 `passage`
- **2022-03-24** Passed H., as am., Ayes 83, Nays 0, PNV 3 `passage`
- **2022-03-24** H. adopted am. (Amendment 1 - HA0737) `amendment-passage`
- **2022-03-24** Subst. for comp. HB.
- **2022-03-24** Rcvd. from S., held on H. desk.
- **2022-03-24** Comp. SB subst.
- **2022-03-29** Placed on Senate Message Calendar for 3/30/2022
- **2022-03-30** Signed by Senate Speaker
- **2022-03-30** Enrolled and ready for signatures
- **2022-03-30** Concurred, Ayes 32, Nays 0 (Amendment 1 - HA0737) `passage`
- **2022-04-04** Signed by H. Speaker
- **2022-04-05** Transmitted to Governor for action.
- **2022-04-14** Signed by Governor. `executive-signature`
- **2022-04-26** Effective date(s) 04/14/2022
- **2022-04-26** Pub. Ch. 860
- **2022-04-26** Comp. became Pub. Ch. 860

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/7834702c-23a6-426c-8dbb-60eed7158ff4`. Confidence: reported (aggregated from official Tennessee legislature records).