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GA HB229

Bill

Official Source

Status

Passed

4/15/2014

Primary Sponsor

Sam Teasley

Click for details

Origin

House of Representatives

2013-2014 Regular Session

AI Summary

  • Changes the reporting requirement for property and casualty insurers from a mandatory annual report to a discretionary one that the Commissioner may require by rule or regulation
  • Shifts the report contents from mandatory ("shall include") to permissive ("may include"), covering types such as motor vehicle liability, products liability, malpractice, and commercial casualty insurance
  • Eliminates the fixed March 1 annual deadline for report submission that had been in effect since 1987
  • Removes the Commissioner's duty to annually compile, review, and publish insurer reports, replacing it with a requirement that any reports provided simply be made available to the public for inspection
  • Amends Code Section 33-3-21.1 of the Official Code of Georgia Annotated (Title 33, Chapter 3)

Legislative Description

Insurance; removing the insurer annual publication requirement; provide

Last Action

Effective Date

7/1/2014

Full Bill Text

No bill text available