SB 432 — Life Insurance; annual notification of policy owners and requested beneficiaries of the existence of such policies; require
House Second Readers
A BILL to be entitled an Act to amend Chapter 25 of Title 33 of the Official Code of Georgia Annotated, relating to life insurance, so as to require annual notification to policy owners and requested beneficiaries of the existence of such policies; to require insurers to review the National Association of Insurance Commissioners life insurance policy locator on a quarterly basis; to provide for reporting; to provide for rules and regulations; to provide for a sunset provision for reporting requirements; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.
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