SB 324 — Life Insurance; certain protections for life insurance policyholders and beneficiaries; provide
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A BILL to be entitled an Act to amend Chapter 25 of Title 33 of the O.C.G.A., relating to life insurance, so as to provide for certain protections for life insurance policyholders and beneficiaries; to provide for an owner of a life insurance policy or annuity to be represented by a local agent when such policy or annuity is sold; to provide for such owner to be represented by a local agent when such agent does not have a contract with such insurer; to provide such owner with an annual notice report on such policy or annuity; to require an insurer to conduct a quarterly search of the National Association of Insurance Commissioners' policy locator; to provide for annual reporting; to provide for rules and regulations; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.
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