Banks and Financial Institutions - As enacted, authorizes a premium finance company to impose and collect a convenience fee from an insured for use of certain payment methods; authorizes a premium finance company to charge and collect a handling charge for certain payment instruments when the payment instrument is not paid by the financial institution from which the instrument is drawn. - Amends TCA Title 56, Chapter 37.

HB 772 allows Tennessee insurance payment companies to charge customers a fee for using credit/debit cards or electronic payments, but only to cover their actual processing costs. It requires companies to disclose the fee upfront, offer non-electronic payment options (like checks or cash) without the fee, and prohibits charging for debit/prepaid card transactions if the payment network forbids it. The bill also permits a single handling charge for dishonored checks or electronic payments, with limits on how often it can be applied. This law directly affects insurance payment companies and their customers who pay premiums electronically, taking effect upon enactment.