Plain English Breakdown
The official source confirms the bill passed both chambers and reached final enrollment, but does not show if it was signed by the governor or vetoed.
Study on Changes to Insurance Laws
This law requires the state's top insurance official to study possible changes to current insurance rules and report back by January 1, 2027.
What This Bill Does
- Requires the Insurance Commissioner to conduct a study about revising various parts of the insurance statutes.
- Sets a deadline of January 1, 2027, for finishing the study.
- Mandates that the commissioner submit a report with results and recommendations.
- Directs the final report to be sent to the joint standing committee of the General Assembly handling insurance matters.
Who It Names or Affects
- The Insurance Commissioner
- The state agency responsible for insurance regulation
- The joint standing committee of the General Assembly that oversees insurance issues
Terms To Know
- Insurance Commissioner
- The head official who runs the state department in charge of regulating insurance.
- Statutes
- Written laws passed by a legislative body like the General Assembly.
Limits and Unknowns
- The bill does not list which specific parts of the insurance statutes will be studied.
- The text does not say what changes might happen after the study is finished.
- No effective date for new laws is included because this act only orders a study.