2017-2018 Regular Session - SB 173
Captive Insurance Companies; provisions; extensively revise
First Reader Summary
A BILL to be entitled an Act to amend Chapter 41 of Title 33 of the O.C.G.A., relating to captive insurance companies, so as to extensively revise certain provisions; to provide for change and revision of certain definitions; to provide for scope of provisions and lines of businesses a captive insurance company may engage to add an agency captive insurance company with certain restrictions; to change certificate of authority requirements; to provide for board of managers; to provide for captive corporate organization requirements making certain captives subject to Title 14; to provide for certain exemptions; to provide for exceptions, fees, and articles of incorporation requirements; to provide for powers and requirements by the Commissioner; to provide for related matters; to repeal conflicting laws; and for other purposes.
Feb/24/2017 - Senate Read Second Time
Feb/23/2017 - Senate Committee Favorably Reported By Substitute
Feb/15/2017 - Senate Read and Referred
Feb/14/2017 - Senate Hopper