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Bill

LC 3552

Generally revise insurance laws

2025 Regular Session

LC 3552 aimed to broadly revise insurance laws, but it died in draft; with no text, there are no enacted changes or real-world impacts.

(LC) Draft Died in Process
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Bill Summary · LC 3552

Summary of LC 3552 — Generally revise insurance laws

Overview

  • Bill number: LC 3552
  • Title: Generally revise insurance laws
  • Subject: Insurance
  • Status: Draft died in process (LC).
  • Introduced: December 14, 2024

Status and Timeline

  • December 14, 2024: Drafter Assigned.
  • May 23, 2025: (LC) Draft Died in Process.
  • The bill did not advance beyond the drafting stage and is not enacted into law.

Purpose and Scope

  • The bill’s title indicates an aim to broadly “generally revise insurance laws.” However, the public record provided here does not include the text of the measure, so the specific objectives, policy changes, or targeted statutes are not disclosed. As a result, the exact scope—such as whether the revision would address licensing, rate and form filings, consumer protections, solvency requirements, or regulatory processes—cannot be confirmed from the available information.

Provisions (Publicly Available Text Not Provided)

  • No detailed provisions are available in the provided summary. Without the bill’s text, it is not possible to enumerate:
    • Definitions or regulatory definitions changes
    • Requirements for insurers, producers, or surplus lines
    • Changes to rate and form filing processes
    • Consumer protections, disclosures, or complaint processes
    • Solvency and regulatory oversight provisions
    • Enforcement, penalties, or effective dates

Potential Impact (If Enacted)

  • Had it advanced, a general revision of insurance laws could potentially affect:
    • Insurance companies, intermediaries, and reinsurers (licensing, filing requirements, capital/solvency standards)
    • Policyholders and claimants (consumer protections, disclosures, remedies)
    • Regulators (scope of authority, enforcement mechanisms)
    • Market operations (forms, rates, and market conduct)
  • Since the measure died in process, there is no immediate regulatory or market impact.

Key Takeaways

  • LC 3552 was a proposed measure to broadly revise insurance laws, introduced in December 2024 and marked as drafted but ultimately died in process in May 2025.
  • The absence of the bill text means the specific changes and their implications remain unknown. Future action would require a new or reintroduced bill to provide substantive provisions and details.

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

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