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Bill

LC 3099

Generally revise insurance laws

2025 Regular Session

LC 3099 aims to broadly revise insurance laws to modernize regulation and protections for insurers, agents, and consumers, but the draft died and no changes were enacted.

(LC) Draft Died in Process
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WeVote Research Nonpartisan
Bill Summary · LC 3099

LC 3099 — Generally revise insurance laws

A concise summary of the bill, its status, and potential impacts based on the information available.

Overview

  • Bill Number: LC 3099
  • Title: Generally revise insurance laws
  • Subject: Insurance
  • Status: LC Draft Died in Process
  • Introduced: December 17, 2024
  • Classification: bill
  • Drafter/Process Notes: The drafter was assigned on December 17, 2024. The draft subsequently died in the process on May 27, 2025.

Purpose and Intent

  • The bill’s title indicates a broad aim to revise the umbrella of insurance laws. However, the specific text and provisions are not provided in the information available here, so the exact objectives, policy changes, and regulatory reforms contemplated by LC 3099 cannot be determined from the summary alone.
  • In general, a “Generally revise insurance laws” measure would be expected to modernize, reorganize, or update statutes governing insurers, regulatory authority, consumer protections, rate setting, licensure, solvency requirements, market conduct, and related areas. Any precise intent would depend on the enacted language.

Key Provisions (Not Available)

  • The actual text of LC 3099 is not provided in the available details. Therefore,:
    • No specific statutory changes can be enumerated (e.g., sections revised, new provisions added, or repeals proposed).
    • No dollar amounts, deadlines, or regulatory standards can be cited from the bill itself.
  • If the text becomes available, a section-by-section analysis would be prepared to highlight the substantive changes and their practical effects.

Who Would Be Affected

  • Potentially affected groups, if enacted, could include:
    • Insurance companies and other regulated insurers
    • Insurance producers, agents, and comarketing entities
    • Policyholders and insureds
    • Regulators and state insurance departments
    • Consumers and businesses relying on insurance products and services
  • Without the text, the precise beneficiaries or impacted constituencies cannot be specified.

Procedural and Timeline Aspects

  • Introduction: December 17, 2024
  • Draft assigned: December 17, 2024 (Drafter Assigned)
  • Status change: May 27, 2025 — Draft Died in Process
  • Implication: The bill did not advance beyond the draft stage and, as of the latest update, has not become law. It may be revived in a future session under a new number or title if sponsors reintroduce similar provisions.

Additional Notes

  • For a complete understanding, the actual bill text would be required. If you can provide the full draft or a link to the legislative portal, I can produce a detailed, provision-by-provision analysis, including potential fiscal impact, effective dates, and implementation considerations.

Compiled from official sources — confirm details with the bill’s official record.

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