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GA SB299

Bill

Official Source

Status

Introduced

1/15/2020

Primary Sponsor

P.K. Martin

Click for details

Origin

Senate

2019-2020 Regular Session

AI Summary

  • Requires every insurer licensed to write individual disability income insurance in Georgia to provide policy owners with an annual disclosure of premiums received and coverage provided
  • The initial annual disclosure must be provided no more than one year and 30 days from the date the policy became effective
  • Applies to all policies issued, delivered, or issued for delivery on or after January 1, 2021
  • Amends Chapter 1 of Title 33 of the Official Code of Georgia Annotated by adding new Code section 33-1-27

Legislative Description

Insurance; disability income insurance; residents of this state; monthly confirmation premiums/annual disclosure of premiums received; provide

Last Action

Senate Read Second Time

3/10/2020

Full Bill Text

No bill text available