TN SB0766This bill allows premium finance companies in Tennessee to charge a convenience fee for certain payment methods used by insured individuals. Additionally, it permits these companies to impose a handling charge if a payment instrument, like a check, is not honored by the bank it was drawn from.
TN SB0766 is a senate bill in the Tennessee 114th General Assembly, sponsored by Paul Bailey (R), currently “Passed” since April 29, 2025.
We track 9,160 Tennessee bills this session, 196 of them sponsored by Paul Bailey.
Supporters of the bill argue that it provides premium finance companies with the flexibility to cover costs associated with various payment methods and ensures that they can manage risks related to bounced checks. This could lead to improved services for consumers who choose to use these payment options.
Critics of the bill contend that it places an additional financial burden on insured individuals by allowing companies to impose extra fees. They argue that this could disproportionately affect those who are already struggling to pay their premiums and create barriers to accessing insurance.
Senator Paul Bailey's sponsorship of SB0766, which allows premium finance companies to impose convenience fees and handling charges, presents a potential conflict of interest due to his personal financial interests in the banking sector. Specifically, he has an asset in Citizens Bank, which operates in the commercial banking industry that would be affected by the legislation. This alignment raises concerns about whether his financial interests could influence his legislative actions in favor of the bill, potentially benefiting his financial holdings.
Unlike federal analysis based on campaign donations, state analysis examines legislators' personal financial interests — their jobs, businesses, and investments.
| Type | Description | Industry | Source |
|---|---|---|---|
| Occupation | Businessman | — | AI-researched |
| Employer | Owner of Bailey Company, a trucking business | — | TN Legislature bio |
| Business Owner | Owner of Bailey Company | — | TN Legislature bio |
| Board Member | Board member of the Tennessee Trucking Association | — | TN Legislature bio |
| Employer | CB TRUCKING INC | — | TN Ethics Commission |
| Employer | CB TRANSPORTATION, INC | — | TN Ethics Commission |
| Employer | A & P LEASING, LLC | — | TN Ethics Commission |
| Employer | BAILEY TIRE COMPANY, LLC | — | TN Ethics Commission |
| Employer | BAILEY INVESTMENTS | — | TN Ethics Commission |
| Employer | CB LEASING, LLC | — | TN Ethics Commission |
| Employer | WAREHOUSE SERVICES, LLC | — | TN Ethics Commission |
| Employer | COWBOY TRUCK LEASING LLC | — | TN Ethics Commission |
| Business Owner | NATIONAL REINED COW HORSE ASSOCIATION PRESIDENT from Feb 2012 to current | — | TN Ethics Commission |
| Business Owner | AMERICAN QUARTER HORSE ASSOCIATION DIRECTOR from Mar 2004 to current | — | TN Ethics Commission |
| Business Owner | TN QUARTER HORSE ASSOCIATION DIRECTOR from Jan 1998 to current | — | TN Ethics Commission |
| Asset | BUILTWELL BANK, Spouse, and Minor Child | — | TN Ethics Commission |
| Asset | DEKALB COUNTY BANKand Minor Child | — | TN Ethics Commission |
| Asset | CITIZENS BANK | Commercial Banks | TN Ethics Commission |
| Asset | BAILEY INVESTMENTS LLCand Minor Child | — | TN Ethics Commission |
| Asset | SAFE TRUCKING | — | TN Ethics Commission |
| Asset | THROUGHBRED FINANCIAL, Spouse, and Minor Child | — | TN Ethics Commission |
| Asset | Leadership PAC: PB PAC | — | TN Ethics Commission |
Items marked "AI-researched" are generated from public sources but have not been independently verified. Verified data is sourced from official legislature websites and disclosure filings.
About This Analysis
This summary was generated using AI from the bill's official text and metadata. Data sourced from LegiScan and the Tennessee General Assembly. Conflict analysis examines the sponsor's personal financial interests for potential overlaps with the bill's subject matter.
What does TN SB0766 do?
This bill allows premium finance companies in Tennessee to charge a convenience fee for certain payment methods used by insured individuals. Additionally, it permits these companies to impose a handling charge if a payment instrument, like a check, is not honored by the bank it was drawn from.
What is the status of TN SB0766?
TN SB0766 is currently “Passed” in the Tennessee legislature.
Who sponsored TN SB0766?
Paul Bailey (R) sponsored TN SB0766.
