PIA of Ga. Legislative Reception Highlights Less Government Involvement, Pending Bills

Support for the insurance industry and desires for less government involvement in an already highly regulated industry were emphasized by featured guests attending the Jan. 10 Seventh Annual Legislative Reception sponsored by the Professional Insurance Agents of Georgia in Atlanta.

Featured guests included Insurance Commissioner John Oxendine, Senate Insurance and Labor Committee Chairman Ralph Hudgens and House of Representative Insurance Committee Chairman Tom Knox.

More than 250 people, including 57 legislators, regulators, agents, company representatives and Department of Insurance staff participated in the reception and discussed upcoming bills to be considered by the Georgia Legislature and how the insurance industry can work hand-in-hand with legislators to better serve Georgia’s consumers.

So far, only three insurance-related bills have been introduced and assigned to committee. The House Insurance Committee held a Jan. 9 organizational meeting and plans to meet each week. The Senate Insurance and Labor committee has not yet met.

The following legislation is pending:

SB 384: Senators Hudgens of the 47th and Rogers of the 21st The Interstate Insurance Product Regulation Compact; to help states join together to establish an interstate compact to regulate designated insurance products.
(Assigned to Senate Insurance and Labor Committee)

SB 385: Senator Hudgens of the 47th To authorize investments of insurers in the obligations of certain Canadian cities; to provide for related matters; to repeal conflicting laws.
(Assigned to Senate Insurance and Labor Committee)

SB 406: Senators Hudgens of the 47th and Seabaugh of the 28th Life settlements, so as to revise certain definitions; to provide additional grounds for the suspension, revocation, or refusal to renew the license of life insurance producers; to make editorial revisions; to provide for related matters; to repeal conflicting laws.

Topics Georgia