The General Assembly Raised Bill No. 258 mandates the Insurance Department to conduct a study on issues related to property and casualty insurance within the state. The bill requires the department to submit a report detailing the findings of this study to the relevant joint standing committee of the General Assembly by January 1, 2027. This initiative aims to address and analyze current challenges and considerations in the property and casualty insurance sector.

The bill introduces new legal language, specifically stating that the study will be conducted and the report submitted, while there are no deletions from existing law. The act is set to take effect immediately upon passage, emphasizing the urgency of addressing property and casualty insurance issues in the state.