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GA HB840
Bill
Status
Passed
4/29/2014
Primary Sponsor
Rich Golick
Click for details
AI Summary
- Amends O.C.G.A. § 33-2-24 to broaden the Insurance Commissioner's penalty authority from a specific list of licensee types (insurers, agents, brokers, counselors, solicitors, administrators, adjusters) to any "person duly licensed under this title" for probation and any person "duly licensed or that should be licensed" for monetary penalties
- Authorizes the Commissioner to place any licensed person on probation for up to one year for each violation of Title 33 or the Commissioner's rules, regulations, or orders
- Maintains existing monetary penalties of up to $2,000 per violation, increasing to up to $5,000 per violation if the person knew or reasonably should have known they were in violation
- Extends monetary penalty authority to cover persons who should be licensed but are not, closing a gap that previously limited enforcement to only those holding active licenses
- Passed both the Georgia House and Senate during the 2014 legislative session
Legislative Description
Insurance; persons under authority of Commissioner and subject to penalties under Title 33; clarify
Last Action
Effective Date
7/1/2014
Full Bill Text
No bill text available