Bill > HR659

This resolution creates the House Study Committee on Insurance Market Reform to investigate issues in the state's insurance market, including rising premiums, industry profits, and consumer affordability. The committee will consist of eight legislative members appointed by the House Speaker, along with three additional nonlegislative members with relevant expertise. The committee is tasked with studying insurance market conditions, identifying problems, and recommending potential legislative actions. Members will receive standard allowances and expenses, with legislative members eligible for per diem compensation and non-legislative members receiving daily expense and mileage allowances. The committee is required to conduct meetings as needed and will produce a report detailing its findings, which must be approved by a majority vote and filed with the House Clerk. Any proposed legislation suggestions must be included in the report before the committee is automatically abolished on December 1, 2025. The resolution is motivated by concerns about increasing insurance premiums, potential industry overcharging, reduced coverage options, and the need for greater transparency and consumer protection in the insurance market.

Business and Industry

https://www.legis.ga.gov/legislation/71506