HB 1049

  • Georgia House Bill
  • 2023-2024 Regular Session
  • Introduced in House Jan 26, 2024
  • Passed House Feb 22, 2024
  • Passed Senate Mar 28, 2024
  • Signed by Governor May 06, 2024

Insurance Business Transfer Act; enact

Abstract

A BILL to be entitled an Act to amend Chapter 52 of Title 33 of the O.C.G.A., relating to assumption reinsurance agreements, so as to enact the "Insurance Business Transfer Act"; to provide for a short title; to provide for legislative intent; to provide for definitions; to provide for court authority; to provide for notice requirements; to provide for an application procedure; to provide for court review of a petition; to provide for ongoing jurisdiction by the court; to provide for court approval; to provide for appeal; to provide for confidentiality; to provide for ongoing oversight by the Commissioner; to provide for certain fees and costs to be borne by the applicant; to provide for compensation, costs, and expenses of the independent expert and any consultants to be borne jointly by the transferring insurer and assuming insurer; to provide for dismissal of petition; to provide for construction; to make conforming changes; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.

Bill Sponsors (4)

Votes


Actions


May 06, 2024

Georgia General Assembly

Effective Date

Senate

Act 592

House

House Date Signed by Governor

Apr 03, 2024

House

House Sent to Governor

Mar 28, 2024

Senate

Senate Third Read

House

House Agreed Senate Amend or Sub

Senate

Senate Passed/Adopted By Substitute

Senate

Senate Taken from Table

Mar 26, 2024

Senate

Senate Tabled

Mar 18, 2024

Senate

Senate Read Second Time

Mar 14, 2024

Senate

Senate Committee Favorably Reported By Substitute

  • Committee-Passage-Favorable
Insurance and Labor

Feb 26, 2024

Senate

Senate Read and Referred

  • Referral-Committee
Insurance and Labor

Feb 22, 2024

House

House Passed/Adopted By Substitute

House

House Third Readers

Feb 07, 2024

House

House Committee Favorably Reported By Substitute

  • Committee-Passage-Favorable
Insurance

Jan 30, 2024

House

House Second Readers

Jan 29, 2024

House

House First Readers

Jan 26, 2024

House

House Hopper

Bill Text

Bill Text Versions Format
HB 1049/AP* PDF
Sen Ctee sub LC 52 0544S PDF
LC 52 0447S/hcs PDF
LC 52 0447S/hs PDF
LC 52 0317/a PDF

Related Documents

Document Format
No related documents.

Sources

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