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Georgia General Assembly > Legislation
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2001-2002 Regular Session - SB 72
Insurers; rehabilitation and liquidation; liability of reinsurers; payments under contract
Sponsored By
Committees
First Reader Summary
A bill to be entitled an Act to amend Article 3 of Chapter 37 of Title 33 of the Official Code of Georgia Annotated, relating to procedure for rehabilitation of insurers, so as to change the provisions relating to liability of reinsurers; to provide that reinsurance shall be payable under a contract or contracts reinsured by the assuming insurer on the basis of reported claims allowed by the court issuing the order of liquidation, without diminution because of the insolvency of the ceding insurer; to provide that such payments shall be made directly to the ceding insurer or to its domiciliary liquidator except under certain circumstances; to repeal conflicting laws; and for other purposes.
Status History
Jul/01/2001 - Effective Date
Apr/27/2001 - Act 279
Apr/27/2001 - Senate Date Signed by Governor
Apr/04/2001 - Senate Sent to Governor
Mar/21/2001 - House Passed/Adopted
Mar/21/2001 - House Third Readers
Mar/08/2001 - House Committee Favorably Reported
Feb/27/2001 - House Second Readers
Feb/26/2001 - House First Readers
Feb/22/2001 - Senate Passed/Adopted By Substitute
Feb/22/2001 - Senate Third Read
Feb/16/2001 - Senate Read Second Time
Feb/15/2001 - Senate Committee Favorably Reported By Substitute
Jan/29/2001 - Senate Read and Referred
Jan/26/2001 - Senate Hopper
Past Versions
Versions
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