Insurance Companies, Agents, Brokers, Policies - As enacted, authorizes categorizing certain foreign multiple employer welfare arrangements as domestic multiple employer welfare arrangements if specific conditions are met. - Amends TCA Title 56, Chapter 26.

HB 329 allows certain bank-run health insurance arrangements (called "multiple employer welfare arrangements" or MEWAs) operating across state lines to be treated as domestic Tennessee arrangements if they meet specific conditions. It affects bank-based MEWAs that are licensed in a neighboring state, serve no more than 2,500 Tennessee employees, and comply with regulatory oversight similar to Tennessee standards. Key provisions require these arrangements to be exclusively for banks, avoid health-based enrollment restrictions, and obtain approval from Tennessee's insurance commissioner. The bill aims to simplify regulatory compliance for these arrangements while ensuring they meet solvency and oversight standards. This change took effect after becoming law in May 2025 (Public Chapter 161).