HB 683 — Property/Casualty Insurance Modernization Act; enact
A BILL to be entitled an Act to amend Title 33 of the O.C.G.A., relating to insurance, so as to provide a short title; to comprehensively revise the rate regulatory system for property and casualty insurance in this state; to provide legislative findings; to provide definitions; to provide for the determination of competitive and noncompetitive markets; to provide for factors to consider in making such determinations; to provide for rating standards and methods; to provide for rate regulation in noncompetitive markets; to provide for the filing of certain rates and information; to provide for the method of disapproving certain rates; to provide for certain regulation for policies for large commercial policyholders; to provide for the operation and control of advisory organizations; to provide for permitted and prohibited activities of advisory organizations; to provide for related matters; to amend Title 34 of the O.C.G.A.; to repeal conflicting laws; and for other purposes.
House Third Reading Lost