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GA HB305
Bill
Status
Engrossed
3/10/2009
Primary Sponsor
Tom Knox
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AI Summary
- Creates a new "discretionary groups" category (paragraph 11) under Georgia's group life insurance law, allowing group life insurance policies to be issued to groups not already defined in existing law, subject to Commissioner approval
- Requires the Commissioner to find that any discretionary group policy is not contrary to public interest, would result in economies of acquisition or administration, and offers benefits reasonable in relation to premiums charged
- Removes the requirement that at least 75% of eligible employees or members must elect to contribute before group life insurance coverage for spouses and children can take effect under contributory plans
- Permits discretionary group policies issued in another state to cover Georgia residents only if Georgia or that other state has made a determination that substantially similar consumer protection requirements have been met
- Allows insurers to exclude or limit coverage for any person in a discretionary group whose evidence of individual insurability is not satisfactory
Legislative Description
Insurance; group life policy coverage; remove participation requirement
Last Action
House Insists
4/29/2010
Committee Referrals
Insurance and Labor3/12/2009
Insurance2/5/2009
Full Bill Text
No bill text available