Bill > HB1262

This bill increases the maximum monetary penalties that the Commissioner of Insurance can impose for certain violations of Georgia's insurance laws. Specifically, it raises the penalty for health insurers failing to comply with mental health parity reporting requirements from a maximum of $2,000 to $10,000 per violation, and to $25,000 if the insurer knowingly violated the law. Similarly, the bill increases the general enforcement penalties for any person licensed or required to be licensed under the insurance code from $2,000 to $10,000 per violation, and to $25,000 if the violation was known. It also raises penalties for violations of the "Surprise Billing Consumer Protection Act" from $2,000 to $10,000 per violation, or $25,000 if the violation was known. Finally, for prepaid legal services plans, the bill increases the maximum fine for offenses from $2,000 to $10,000. These changes aim to provide stronger enforcement mechanisms for the Commissioner of Insurance.

Business and Industry

https://www.legis.ga.gov/legislation/73055