HB 683 - Property/Casualty Insurance Modernization Act; enact

Sponsored By

• (1) Oliver,Mary 83rd
• (2) Knox,Tom 24th
• (3) Willard,Wendell 49th
• (4) Ehrhart,Earl 36th
• (5) Forster,Ronald 3rd
• (6) Coan,Mike 101st

Committees

• HC:Ins
• SC:

Current Status

First Reader Summary

A BILL to be entitled an Act to amend Title 33 of the O.C.G.A., relating to insurance, so as to provide a short title; to comprehensively revise the rate regulatory system for property and casualty insurance in this state; to provide legislative findings; to provide definitions; to provide for the determination of competitive and noncompetitive markets; to provide for factors to consider in making such determinations; to provide for rating standards and methods; to provide for rate regulation in noncompetitive markets; to provide for the filing of certain rates and information; to provide for the method of disapproving certain rates; to provide for certain regulation for policies for large commercial policyholders; to provide for the operation and control of advisory organizations; to provide for permitted and prohibited activities of advisory organizations; to provide for related matters; to amend Title 34 of the O.C.G.A.; to repeal conflicting laws; and for other purposes.

Votes

Status History

Versions

1. LC 28 2243/a
2. LC 28 2424S/hs