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Bill

Bill

LC 297

Generally revise insurance laws.

2025 Regular Session

LC 297 aims to broadly modernize state insurance laws to tighten regulation and clarify requirements, but the draft died and no changes were enacted.

(LC) Draft Died in Process
#insurance
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WeVote Research Nonpartisan
Bill Summary · LC 297

Summary of Bill LC 297 – Generally revise insurance laws

Bill basics

  • Bill number: LC 297
  • Title: Generally revise insurance laws
  • Subject: Insurance
  • Introduced: September 23, 2024
  • Status: Draft died in process (LC)
  • Recent actions:
    • 2024-09-23: Drafter Assigned
    • 2025-05-22: Draft Died in Process

Purpose and intent

  • Based on the title, LC 297 aims to undertake a broad revision of the state’s insurance laws. The available record does not provide the actual text of provisions, so the specific objectives, policy goals, or targeted areas (e.g., licensing, solvency, consumer protections, rate and form filing, market conduct) are not stated here.
  • In general, a “generally revise insurance laws” bill seeks to modernize, clarify, or reorganize existing statutes to improve regulatory effectiveness, align with current market practices, or address identified gaps or ambiguities. The exact scope and intent would depend on the provisions drafted in the LC 297 text.

Key provisions (not specified in available information)

  • The current record does not include the bill’s text or a list of sections. Consequently, there are no enumerated provisions to summarize. If the bill had advanced, typical topics in a broad insurance-law revision might include:
    • Definitions and scope of insurance regulation
    • Licensing, supervision, and discipline of insurers, agents, and brokers
    • Solvency and financial reporting requirements
    • Market conduct and consumer protection provisions
    • Rate and policy forms filing processes
    • Enforcement and penalties
    • Administrative procedures and timelines
  • The absence of the text means no specific changes can be cited here.

Who would be affected

  • Likely impact candidates: insurers, insurance agents/brokers, policyholders, and state insurance regulators.
  • Potential effects could include changes in compliance obligations, filing requirements, consumer protections, and regulatory oversight. However, without the actual provisions, the precise affected groups and the degree of impact remain unknown.

Procedural and timeline notes

  • The bill was introduced on 2024-09-23 with the drafter assigned the same day.
  • The record shows the bill reached a status of “Draft Died in Process” on 2024-09-23 and again on 2025-05-22, indicating it did not advance beyond the draft stage and is not progressing toward enactment in its current form.
  • As a result, LC 297 did not become law, and no enacted changes to insurance statutes are associated with this bill in its current form.

Observations and next steps

  • If monitoring or research is needed, check for any new or substantially revised versions of LC 297, or for related bills that address similar topics in the current session.
  • For stakeholders, it would be prudent to watch for updates from the drafting office or committee reports in case a successor bill emerges with similar objectives and a new timeline.

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

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