HB 581

Abstract

A BILL to be entitled an Act to amend Title 33 of the Official Code of Georgia Annotated, relating to insurance, so as to provide for requirements for settlement offers by insurers; to require the provision of certain notices and disclosures to claimants and insureds; to designate an unfair claims settlement practice; to provide for a private cause of action for unfair trade practices; to remove a provision related to private causes of action; to prohibit use of certain settlements in actuarial tables or other information submitted to the Commissioner of Insurance; to provide for a short title; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.