INSURANCE DEPARTMENT: Provides for the boards and commissions within the Department of Insurance. (8/1/24)

SB 367 amends the state's insurance laws to require the insurance commissioner to prioritize diversity in appointing members to departmental boards and commissions. Specifically, the bill mandates that these appointments reflect a mix of race, gender, ethnicity, and geographical background. This provision directly impacts the composition of regulatory bodies overseeing insurance within the Department of Insurance. The change aims to ensure a more representative leadership structure without altering the core functions of the department.