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GA HB863

Bill

Official Source

Status

Introduced

1/30/2020

Primary Sponsor

Scot Turner

Click for details

Origin

House of Representatives

2019-2020 Regular Session

AI Summary

  • Amends O.C.G.A. § 33-3-21.1 to create a mandatory annual reporting requirement for insurers writing motor vehicle insurance, including bodily injury liability, personal injury protection, property liability, uninsured motorist, and underinsured motorist coverage
  • Requires reported data to include number of claims, aggregate dollar amount of claims, aggregate dollar amount of claims closed with payment, number of policyholders, and direct premiums written, all as of the end of the previous year
  • Establishes this reporting mandate as separate from and in addition to the existing discretionary reporting the Commissioner may require of property and casualty insurers
  • All reports submitted under this Code section must be made available to the public for inspection
  • Effective date of January 1, 2021

Legislative Description

Insurance; motor vehicles; require insurers report certain information to the department

Last Action

House Second Readers

2/3/2020

Full Bill Text

No bill text available