---
type: "Bill"
title: "Insurance; minimum nonforfeiture interest rate for individual deferred annuities; decrease"
description: "A BILL to be entitled an Act to amend Code Section 33-28-3 of the Official Code of Georgia Annotated, relating to standard nonforfeiture provisions for individual deferred annuities, so as to decrease the minimum nonforfeiture interest rate for individual deferred annuities from 1 percent to 0.15 percent; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes."
jurisdiction: "us/states/ga"
legislature: "Georgia General Assembly"
session: "2021_22"
identifier: "HB 1021"
citation: "Georgia HB 1021 (2021_22)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Bruce Williamson", "Carolyn Hugley", "Eddie Lumsden", "John Carson", "Terry England"]
version_count: 2
action_count: 15
vote_count: 1
first_action: "2022-01-26"
last_action: "2022-07-01"
source: "openstates"
source_identifier: "ocd-bill/20402e56-d1a7-4241-90ff-eac26dd2287a"
source_url: "http://webservices.legis.ga.gov/GGAServices/Legislation/Service.svc?wsdl"
source_hash: "fe4c114cb9b5dd73077536ec54cc36ba6b630c839421b248b99ff1b0d9913bc3"
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 HB 1021 (2021_22) — Insurance; minimum nonforfeiture interest rate for individual deferred annuities; decrease

A BILL to be entitled an Act to amend Code Section 33-28-3 of the Official Code of Georgia Annotated, relating to standard nonforfeiture provisions for individual deferred annuities, so as to decrease the minimum nonforfeiture interest rate for individual deferred annuities from 1 percent to 0.15 percent; to provide for an effective date and applicability; 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. **HB 1021/AP*** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20212022/210165.pdf)
2. **LC 52 0044/a** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20212022/203969.pdf)

## Votes

- PASSAGE — **153–2** (pass) · lower

## Sponsors

- Bruce Williamson — primary (person)
- Carolyn Hugley — primary (person)
- Eddie Lumsden — primary (person)
- John Carson — primary (person)
- Terry England — primary (person)

## Timeline

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

- **2022-01-26** House Hopper
- **2022-01-27** House First Readers `reading-1`
- **2022-02-01** House Second Readers `reading-2`
- **2022-02-10** House Committee Favorably Reported `committee-passage-favorable`
- **2022-02-15** House Third Readers `reading-3`
- **2022-02-15** House Passed/Adopted `passage`
- **2022-02-17** Senate Read and Referred `referral-committee`
- **2022-03-17** Senate Committee Favorably Reported `committee-passage-favorable`
- **2022-03-18** Senate Read Second Time `reading-2`
- **2022-03-23** Senate Third Read `reading-3`
- **2022-03-23** Senate Passed/Adopted `passage`
- **2022-04-06** House Sent to Governor `executive-receipt`
- **2022-05-02** House Date Signed by Governor `executive-signature`
- **2022-05-02** Act 756 `executive-signature`
- **2022-07-01** Effective Date

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/20402e56-d1a7-4241-90ff-eac26dd2287a`. Confidence: reported (aggregated from official Georgia legislature records).