---
type: "Bill"
title: "Insurance; division of a domestic insurer into two or more resulting domestic insurers; provide"
description: "A BILL to be entitled an Act to amend Title 33 of the O.C.G.A., relating to insurance, so as to provide for the division of a domestic insurer into two or more resulting domestic insurers; to provide for definitions; to provide for a plan of division subject to approval by the Insurance Commissioner; to amend Part 1 of Article 13 of Chapter 2 of Title 14 of the O.C.G.A., relating to the right to dissent and obtain payment for shares, so as to add the right to dissent and obtain payment for shares for a division of a domestic insurer; to provide for related matters; to repeal conflicting laws; and for other purposes."
jurisdiction: "us/states/ga"
legislature: "Georgia General Assembly"
session: "2019_20"
identifier: "SB 156"
citation: "Georgia SB 156 (2019_20)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["P. K. Martin IV"]
version_count: 5
action_count: 15
vote_count: 1
first_action: "2019-02-21"
last_action: "2019-07-01"
source: "openstates"
source_identifier: "ocd-bill/44b27192-df55-45b3-9f92-413a5ece0a76"
source_url: "http://webservices.legis.ga.gov/GGAServices/Legislation/Service.svc?wsdl"
source_hash: "b653ee2bcb1bbeecb1ec6b05703d6ef2118cc41f59e087dc1d37ae5e39db35e0"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ga"]
---

# Georgia SB 156 (2019_20) — Insurance; division of a domestic insurer into two or more resulting domestic insurers; provide

A BILL to be entitled an Act to amend Title 33 of the O.C.G.A., relating to insurance, so as to provide for the division of a domestic insurer into two or more resulting domestic insurers; to provide for definitions; to provide for a plan of division subject to approval by the Insurance Commissioner; to amend Part 1 of Article 13 of Chapter 2 of Title 14 of the O.C.G.A., relating to the right to dissent and obtain payment for shares, so as to add the right to dissent and obtain payment for shares for a division of a domestic insurer; to provide for related matters; to repeal conflicting laws; and for other purposes.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **As introduced LC 46 0104ER** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20192020/182287.pdf)
2. **As passed Senate** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20192020/183254.pdf)
3. **Committee sub LC 46 0116ERS** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20192020/182749.pdf)
4. **Floor amend 1 AM 46 0012** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20192020/183220.pdf)
5. **SB156/AP*** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20192020/185075.pdf)

## Votes

- PASSAGE BY SUBSTITUTE — **53–1** (pass) · upper

## Sponsors

- P. K. Martin IV — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2019-02-21** Senate Hopper
- **2019-02-22** Senate Read and Referred `referral-committee`
- **2019-02-26** Senate Committee Favorably Reported By Substitute `committee-passage-favorable`
- **2019-02-27** Senate Read Second Time `reading-2`
- **2019-02-28** Senate Third Read `reading-3`
- **2019-02-28** Senate Passed/Adopted By Substitute `passage`
- **2019-03-01** House First Readers `reading-1`
- **2019-03-04** House Second Readers `reading-2`
- **2019-03-13** House Committee Favorably Reported `committee-passage-favorable`
- **2019-03-18** House Third Readers `reading-3`
- **2019-03-18** House Passed/Adopted `passage`
- **2019-04-05** Senate Sent to Governor `executive-receipt`
- **2019-05-02** Senate Date Signed by Governor `executive-signature`
- **2019-05-02** Act 147 `executive-signature`
- **2019-07-01** Effective Date

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/44b27192-df55-45b3-9f92-413a5ece0a76`. Confidence: reported (aggregated from official Georgia legislature records).