House Bill 360, also known as Senate Bill 399, 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. This change aims to enhance transparency and potentially improve the quality and cost-effectiveness of insurance services procured by county governments.

The bill is set to take effect immediately upon becoming law, emphasizing the importance of the public welfare in its implementation. This legislative action reflects a move towards more structured procurement processes within county governments, ensuring that insurance brokerage services are obtained through competitive means.