Insurance Companies, Agents, Brokers, Policies - As introduced, requires an insurance company that is admitted to do business in this state and insures the tangible personal property of a policyholder who resides in this state to provide a discount to the policyholder through the policyholder's homeowners or renters insurance policy if the policyholder secures the policyholder's firearms in a firearm safe or uses a firearm safety device for the firearms and requests to receive the annual discount. - Amends TCA Title 56.

HB 1240 requires Tennessee insurance companies to offer an annual discount on homeowners or renters insurance policies to policyholders who secure all firearms at their property in a firearm safe or use a firearm safety device. The discount applies only if the policyholder specifically requests it and meets the safety requirements. Insurance companies must include information about this discount in policyholders' regular billing notices. The law applies to policies issued, renewed, or amended on or after July 1, 2025, and does not require policyholders to disclose firearm ownership.