AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 29 and Title 56, Chapter 12, relative to Tennessee Life and Health Insurance Guaranty Association.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:

SECTION 1. Tennessee Code Annotated, Section 4-29-219(a), is amended by deleting item (14) in its entirety.

SECTION 2. Tennessee Code Annotated, Title 4, Chapter 29, is amended by adding the following as a new section:

Section . (a) The following governmental entities shall terminate on June 30, 2006:

( ) Tennessee Life and Health Insurance Guaranty Association, created by Section 56-12-205;

(b) Each department, commission, board, agency, or council of state government created during calendar year 2004 shall terminate on June 30, 2006.

(c) Any governmental entity which has been terminated under this section may be continued, reestablished, or restructured in accordance with this chapter.

SECTION 3. This act shall take effect July 1, 1998, the public welfare requiring it.