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Georgia General Assembly > Legislation
2019-2020 Regular Session - SB 188
Reinsurance of Risks; adequate regulation of reinsurers; incorporation of the National Association of Insurance Commissioners reinsurance model into the Georgia Insurance Code; provide
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First Reader Summary
A BILL to be entitled an Act to amend Code Section 33-7-14 of the Official Code of Georgia Annotated, relating to reinsurance of risks, so as to provide adequate regulation of reinsurers; to provide for the incorporation of the National Association of Insurance Commissioners reinsurance model law into the Georgia Insurance Code; to provide domestic ceding insurers credit as either an asset or a deduction in liability on account of reinsurance purchased only when the purchase meets new requirements; to provide for related matters; to repeal conflicting laws; and for other purposes.
Status History
Mar/12/2020 - House Committee Favorably Reported By Substitute
Mar/08/2019 - House Second Readers
Mar/07/2019 - House First Readers
Mar/05/2019 - Senate Passed/Adopted
Mar/05/2019 - Senate Third Read
Mar/04/2019 - Senate Read Second Time
Mar/01/2019 - Senate Committee Favorably Reported
Feb/26/2019 - Senate Read and Referred
Feb/25/2019 - Senate Hopper
Mar/05/2019 - Senate Vote #128Yea(52)Nay(0)NV(3)
Past Versions