Plain English Breakdown
The bill text specifies that the County Purchasing Law of 1957 must be adopted, but does not provide further details on this law.
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
- Allows counties that follow specific purchasing rules to need a fair competition process when buying insurance services.
- Changes the Tennessee Code by adding new sections about county government practices.
Who It Names or Affects
- Counties in Tennessee that have adopted certain laws.
- Insurance brokerage companies working with these counties.
Terms To Know
- Competitive Bid Process
- A way to choose the best offer by comparing different bids from sellers or service providers.
- County Legislative Body
- The group that makes decisions for a county, like choosing how money is spent.
Limits and Unknowns
- This bill does not apply to all counties in Tennessee.
- It only affects insurance brokerage services and does not cover other types of contracts or purchases.