Insurance pooling for political subdivisions.

SB 512 allows cities, counties, school districts, and other local governments to join together to buy insurance more affordably. It permits these "political subdivisions" to pool their resources to negotiate better insurance rates and coverage. The bill directly affects local governments that purchase insurance for property, liability, or other needs, enabling them to save money through collective purchasing. This is a procedural change that streamlines how local entities access insurance, without altering insurance regulations themselves.