Insurance; administration of certain rehabilitation policies by a ceding insurer placed into liquidation; provisions
It became law on May 1, 2023.
- Stage
- Became law
- Started in
- House
- Sponsors
- 4
- Latest action
- May 1, 2023
What it does
A BILL to be entitled an Act to amend Article 3 of Chapter 37 of Title 33 of the O.C.G.A., relating to procedure for rehabilitation, so as to provide for the administration of contracts reinsuring life, disability income or long-term care policies or annuities issued by a ceding insurer that has been placed into liquidation; to provide for the Georgia Life and Health Insurance Guaranty Association to elect to assume the rights and obligations of a ceding insurer; to provide for duties, rights, and obligations of such association, the reinsurer, and the receiver; to provide for time restrictions for certain actions; to provide for mandatory negotiation; to provide for arbitration; to provide…
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
Once a bill is decided, the questions are about what is done with it in Georgia.