GA SB188 | 2019-2020 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 6-0)
Status: Passed on June 30 2020 - 100% progression
Action: 2020-07-01 - Effective Date
Text: Latest bill text (Enrolled) [PDF]

Summary

A BILL to be entitled an Act to amend Code Section 33-7-14 of the Official Code of Georgia Annotated, relating to reinsurance of risks, so as to provide adequate regulation of reinsurers; to provide for the incorporation of the National Association of Insurance Commissioners reinsurance model law into the Georgia Insurance Code; to provide domestic ceding insurers credit as either an asset or a deduction in liability on account of reinsurance purchased only when the purchase meets new requirements; to provide for related matters; to repeal conflicting laws; and for other purposes.

Tracking Information

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Title

Reinsurance of Risks; adequate regulation of reinsurers; incorporation of the National Association of Insurance Commissioners reinsurance model into the Georgia Insurance Code; provide

Sponsors


Roll Calls

2020-06-20 - Senate - Senate Vote #670 (Y: 45 N: 0 NV: 3 Abs: 7) [PASS]
2020-06-15 - House - House Vote #645 (Y: 165 N: 0 NV: 3 Abs: 12) [PASS]
2019-03-05 - Senate - Senate Vote #128 (Y: 52 N: 0 NV: 3 Abs: 1) [PASS]

History

DateChamberAction
2020-07-01 Effective Date
2020-06-30 Act 408
2020-06-30SenateSenate Date Signed by Governor
2020-06-29SenateSenate Sent to Governor
2020-06-20SenateSenate Agreed House Amend or Sub
2020-06-15HouseHouse Passed/Adopted By Substitute
2020-06-15HouseHouse Third Readers
2020-03-12HouseHouse Committee Favorably Reported By Substitute
2019-03-08HouseHouse Second Readers
2019-03-07HouseHouse First Readers
2019-03-05SenateSenate Passed/Adopted
2019-03-05SenateSenate Third Read
2019-03-04SenateSenate Read Second Time
2019-03-01SenateSenate Committee Favorably Reported
2019-02-26SenateSenate Read and Referred
2019-02-25SenateSenate Hopper

Georgia State Sources


Bill Comments

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