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Life insurance; excluding or restricting liability for certain deaths occurring while an individual is an active duty service member; prohibit
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 prohibit a policy of group life insurance from excluding or restricting liability for certain deaths occurring while an individual is an active duty service member; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.
less transparency in insurance company operations, less financial security, reduced oversight of insurance agencies operating multiple locations, and fewer financial resources for DOI to investigate and enforce consumer protections
PASSED. Makes changes to Georgia's Department of Insurance operations including repealing regulations, eliminating certain fees, and removing licensing requirements.