Plain English Breakdown
The bill has been withdrawn and its status is uncertain.
County Insurance Brokerage Law
This bill allows counties that have adopted the County Purchasing Law of 1957 to require competitive bidding for insurance brokerage services.
What This Bill Does
- Changes Tennessee Code Annotated, Title 5 and Title 12, Chapter 3, Part 12, regarding county governments.
- Allows a county legislative body in counties that have adopted the County Purchasing Law of 1957 to require a competitive bid process for insurance brokerage services.
Who It Names or Affects
- Counties that have adopted the County Purchasing Law of 1957
- Insurance brokers who work with these counties
Terms To Know
- Competitive bid process
- A way to choose a company or service by having them compete for business based on price and quality.
- County legislative body
- The group that makes decisions about how the county is run, like a board of commissioners.
Limits and Unknowns
- This bill does not apply to counties that have not adopted the County Purchasing Law of 1957.
- It's unclear if this law will be passed since it was withdrawn on February 5, 2025.