House Bill 360, sponsored by Moon, amends the 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 accountability in the procurement of insurance services by ensuring that counties can seek competitive bids, thereby potentially reducing costs and improving service quality. The act is set to take effect immediately upon becoming law, emphasizing its importance for public welfare.