AN ACT REQUIRING A STUDY OF THE FEASIBILITY OF ESTABLISHING A CAPTIVE INSURANCE COMPANY TO PROVIDE FINANCIAL ASSISTANCE TO FARMERS IMPACTED BY THE EFFECTS OF SEVERE WEATHER.

HB 6143 requires the Insurance Department, working with the Agriculture Commissioner, to conduct a study on creating a specialized insurance company to help farmers financially recover from severe weather damage. The study must assess whether such a company would be practical and effective, and the results must be reported to the legislature by February 1, 2026. This bill does not create the insurance company itself but only mandates the study to determine if it should be established. It directly affects farmers in the state who face financial losses due to extreme weather events. The bill focuses solely on evaluating the feasibility of this approach, with no immediate policy changes or funding commitments.