Bill
Bill > HB491
summary
Introduced
02/26/2019
02/26/2019
In Committee
03/18/2019
03/18/2019
Crossed Over
03/05/2019
03/05/2019
Passed
04/08/2019
04/08/2019
Dead
Signed/Enacted/Adopted
05/10/2019
05/10/2019
Introduced Session
2019-2020 Regular Session
Bill Summary
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; to provide for definitions; to provide the Commissioner with new supervisory authority; to provide for enforcement authority; to provide for confidentiality; to provide for related matters; to repeal conflicting laws; and for other purposes.
AI Summary
This bill updates the regulation of insurance company holding systems in Georgia. It provides new definitions for "group-wide supervisor" and "internationally active insurance group", grants the Commissioner of Insurance new supervisory authority over internationally active insurance groups, and expands confidentiality requirements for information obtained during examinations or investigations. The bill also allows the Commissioner to cooperate with other regulatory officials in conducting group-wide supervision activities.
Committee Categories
Business and Industry
Sponsors (6)
Shaw Blackmon (R)*,
Lee Hawkins (R)*,
Eddie Lumsden (R)*,
Richard Smith (R)*,
Darlene Taylor (R)*,
Larry Walker (R),
Last Action
Effective Date (on 07/01/2019)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | http://www.legis.ga.gov/Legislation/20192020/187031.pdf |
| BillText | http://www.legis.ga.gov/Legislation/20192020/182871.pdf |
| Bill | http://www.legis.ga.gov/legislation/en-us/display/20192020/hb/491 |
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