Tennessee's Senate decided to postone voting on legislation which would penalize uninsured drivers. Tennessee is one of three states in the U.S. that allow motorists to drive without carrying auto insurance.
Financial proof is considered a cash deposit or bond that has been filed with the state.
Henry cautioned that he was concerned the litigation taxes portion could affect money funneled into the Tennessee Consolidated Retirement System for state workers. The legislation is a compromise for lawmakers seeking mandatory auto insurance and opposing lobbyists representing the industry. The original proposal would have made all state residents show proof of insurance or financial responsibility prior to registering their automobiles each year.