HB 883 — Insurance; insurers rehabilitation and liquidation; change certain provisions
House Date Signed by Governor
A BILL to be entitled an Act to amend Chapter 37 of Title 33 of the O.C.G.A., relating to insurers rehabilitation and liquidation, so as to change certain provisions relating to insurers rehabilitation and liquidation; to change provisions related to reciprocal states and domiciliary liquidators; to provide for the Commissioner to transfer title under his or her control to a domiciliary receiver; to modify certain provisions relating to the rights of nonresident claimants in proceedings against domiciliary insurers; to change certain provisions relating to the rights of resident claimants in proceedings in other states against nondomiciliary insurers; to remove the use of reciprocal in superiority of order of distribution in liquidation proceedings; to provide for related matters; to repeal conflicting laws; and for other purposes.
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