House Bill 360, sponsored by Moon, amends Tennessee Code Annotated by adding a new section to Title 5, Chapter 14, Part 1. This new provision allows county legislative bodies in counties that have adopted this part to mandate a competitive bidding process specifically for insurance brokerage services.

The bill aims to enhance transparency and potentially reduce costs associated with insurance brokerage by ensuring that these services are procured through a competitive bidding process. The act is set to take effect immediately upon becoming law, emphasizing the importance of public welfare in its implementation.