HB 969

  • Georgia House Bill
  • 2021-2022 Regular Session
  • Introduced in House
  • Passed House Feb 15, 2022
  • Passed Senate Apr 04, 2022
  • Signed by Governor May 02, 2022

Insurance; update regulation of company holding systems

Abstract

A BILL to be entitled an Act to amend Chapter 13 of Title 33 of the Official Code of Georgia Annotated, relating to insurance holding company systems, so as to update the regulation of insurance company holding systems per direction from the National Association of Insurance Commissioners; to provide for definitions; to provide guidelines for group capital calculation in insurance company holding systems; to provide guidelines for liquidity stress test framework in insurance company holding systems; to provide standards governing transactions within an insurance holding company system when an insurer is deemed to be in a hazardous financial condition; to provide protections for an affiliate in an insurance holding company system when a domestic insurer is subject to certain proceedings; to provide clarifications on confidentiality and to extend confidentiality protections to third-party consultants designated by the Commissioner; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.

Bill Sponsors (5)

Votes


Actions


Jul 01, 2022

Georgia General Assembly

Effective Date

May 02, 2022

Senate

Act 753

House

House Date Signed by Governor

Apr 08, 2022

House

House Sent to Governor

Apr 04, 2022

Senate

Senate Taken from Table

Senate

Senate Passed/Adopted

Senate

Senate Third Read

Apr 01, 2022

Senate

Senate Tabled

Mar 18, 2022

Senate

Senate Read Second Time

Mar 17, 2022

Senate

Senate Committee Favorably Reported

  • Committee-Passage-Favorable
Insurance and Labor

Feb 17, 2022

Senate

Senate Read and Referred

  • Referral-Committee
Insurance and Labor

Feb 15, 2022

House

House Passed/Adopted

House

House Third Readers

Feb 10, 2022

House

House Committee Favorably Reported

  • Committee-Passage-Favorable
Insurance

Jan 26, 2022

House

House Second Readers

Jan 25, 2022

House

House First Readers

Jan 24, 2022

House

House Hopper

Bill Text

Bill Text Versions Format
HB 969/AP* PDF
LC 52 0058/a PDF

Related Documents

Document Format
No related documents.

Sources

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