Global Trade Alert
Global Trade Alert

United States of America/State of Tennessee: Amendments to law providing for the imposition of a retaliatory tax on foreign insurance companies

Announcement

18 May 2017

In 2017 Tennessee elaborated upon an existing “reciprocity” law by which that state may impose sanctions on foreign insurance companies doing business in Tennessee when those companies’ home governments are found to restrict Tennessee insurance companies.

 

 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

18 May 2017

Revocation date:

No revocation date

Updated: 18 May 2017
FDI: Treatment and operations, nes In force

On May 18, 2017 the governor of Tennessee signed into law a bill (SB1189) that elaborates upon an existing “reciprocity” law by which that state may impose sanctions on foreign insuranc...

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