HB 377 - Mutual Holding Company Act; enact

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Current Status

02/13/07 - House Second Readers

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 define certain terms; to provide for reorganization of mutual insurers and formation of mutual insurance holding companies; to provide for mergers of mutual insurers or other entities with mutual insurance holding companies; to provide for approval of reorganization plans or merger plans by policyholders; to provide for approval of reorganization plans or merger plans by the Commissioner of Insurance; to provide for domestication of mutual insurance holding companies; to provide for conversion of mutual insurance holding companies; to provide for applicability of certain provisions and rehabilitation and liquidation; to provide an effective date; to repeal conflicting laws; and for other purposes.

Status History

Bill History
DateAction
02/12/2007House First Readers
02/13/2007House Second Readers