Comptroller, State - As introduced, increases from $50,000 to $100,000 the bond amount that every insurance company doing a workers' compensation business in this state must furnish with a surety company; increases from $100,000 to $200,000 the certificate amount that such a company may deposit with the commissioner of labor and workforce development in lieu of the bond. - Amends TCA Title 12; Title 29; Title 50 and Title 56.

HB 476 increases financial requirements for insurance companies providing workers' compensation coverage in Tennessee. It raises the mandatory bond amount from $50,000 to $100,000 and the alternative deposit amount from $100,000 to $200,000 with the Labor Commissioner. These changes apply specifically to insurers operating in Tennessee's workers' compensation market and take effect January 1, 2026. The bill amends Tennessee Code sections related to insurance regulation (Title 50, Section 50-6-404).