Permits companies to assess various insurance quotes without having binding agreements with insurance brokers

This bill allows companies to compare insurance quotes from multiple brokers without needing to sign binding contracts with them. It amends insurance law to clarify that companies aren't required to have formal agreements for evaluating policies, bonds, annuities, or retirement plans. The change gives businesses greater flexibility when shopping for insurance by removing prior commitment barriers. The law takes effect 60 days after enactment.