Raised Bill No. 5251, introduced in the February Session, 2024, and referred to the Committee on INSURANCE AND REAL ESTATE, is an act concerning insurance. The bill mandates that the Insurance Department conduct a study on insurance issues within the state. The department is required to submit a report on the findings of this study to the joint standing committee of the General Assembly that oversees matters related to insurance by January 1, 2025.

The bill specifies that it will take effect upon passage and introduces a new section to the law, as indicated by the insertion. The purpose of the bill is to ensure that the Insurance Department undertakes a comprehensive study on insurance issues in the state. The bill does not include any deletions from the current law, as indicated by the deletion note, which states that proposed deletions would be enclosed in brackets, but none are present in this bill.