The General Assembly Raised Bill No. 1385 mandates the Insurance Commissioner to conduct a study focused on flood insurance coverage options available to owners of residential and commercial properties in the state. The study aims to evaluate current practices and identify ways to enhance access to and awareness of these coverage options. The Insurance Commissioner is required to submit a report detailing the findings of this study to the relevant joint standing committee by February 1, 2026.

This bill introduces new legal language that establishes the requirement for the study and the reporting timeline, while there are no deletions from existing law. The act is set to take effect upon passage, and it emphasizes the importance of understanding and improving flood insurance options for property owners in the state.