A BILL to be entitled an Act to amend Article 3 of Chapter 37 of Title 33 of the O.C.G.A., relating to procedure for rehabilitation, so as to provide for the administration of contracts reinsuring life, disability income or long-term care policies or annuities issued by a ceding insurer that has been placed into liquidation; to provide for the Georgia Life and Health Insurance Guaranty Association to elect to assume the rights and obligations of a ceding insurer; to provide for duties, rights, and obligations of such association, the reinsurer, and the receiver; to provide for time restrictions for certain actions; to provide for mandatory negotiation; to provide for arbitration; to provide for construction; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.

Statutes affected:
LC 52 0231/a: 33-37-31.1, 33-37-17, 33-37-29, 33-37-41
Sen floor amend 1 AM 52 0021: 33-24-59.31, 33-6-4, 33-9-36
Sen ctee sub LC 52 0302S: 33-37-31.1, 33-37-3, 33-37-17, 33-37-29, 33-37-41, 33-38-7, 33-38-1
SCSFA to HB 294: 33-24-59.31, 33-6-4, 33-9-36, 33-37-31.1, 33-37-3, 33-37-17, 33-37-29, 33-37-41, 33-38-7, 33-38-1
HB 294/AP*: 33-24-59.31, 33-6-4, 33-9-36, 33-37-31.1, 33-37-3, 33-37-17, 33-37-29, 33-37-41, 33-38-7, 33-38-1