---
type: "Bill"
title: "Insurance Business Transfer Act; enact"
description: "A BILL to be entitled an Act to amend Chapter 52 of Title 33 of the O.C.G.A., relating to assumption reinsurance agreements, so as to enact the \"Insurance Business Transfer Act\"; to provide for a short title; to provide for legislative intent; to provide for definitions; to provide for court authority; to provide for notice requirements; to provide for an application procedure; to provide for court review of a petition; to provide for ongoing jurisdiction by the court; to provide for court approval; to provide for appeal; to provide for confidentiality; to provide for ongoing oversight by the Commissioner; to provide for certain fees and costs to be borne by the applicant; to provide for compensation, costs, and expenses of the independent expert and any consultants to be borne jointly by the transferring insurer and assuming insurer; to provide for dismissal of petition; to provide for construction; to make conforming changes; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes."
jurisdiction: "us/states/ga"
legislature: "Georgia General Assembly"
session: "2023_24"
identifier: "HB 1049"
citation: "Georgia HB 1049 (2023_24)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Bill Werkheiser", "Bruce Williamson", "Darlene Taylor", "Eddie Lumsden"]
version_count: 5
action_count: 18
vote_count: 3
first_action: "2024-01-26"
last_action: "2024-05-06"
source: "openstates"
source_identifier: "ocd-bill/daaff879-cb29-4e65-b8b9-7dd283110239"
source_url: "http://webservices.legis.ga.gov/GGAServices/Legislation/Service.svc?wsdl"
source_hash: "6fd5d1449e8402e87c5089784dfbe587c28949db26094d66c683a3b12e0c8de4"
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 1049 (2023_24) — Insurance Business Transfer Act; enact

A BILL to be entitled an Act to amend Chapter 52 of Title 33 of the O.C.G.A., relating to assumption reinsurance agreements, so as to enact the "Insurance Business Transfer Act"; to provide for a short title; to provide for legislative intent; to provide for definitions; to provide for court authority; to provide for notice requirements; to provide for an application procedure; to provide for court review of a petition; to provide for ongoing jurisdiction by the court; to provide for court approval; to provide for appeal; to provide for confidentiality; to provide for ongoing oversight by the Commissioner; to provide for certain fees and costs to be borne by the applicant; to provide for compensation, costs, and expenses of the independent expert and any consultants to be borne jointly by the transferring insurer and assuming insurer; to provide for dismissal of petition; to provide for construction; to make conforming changes; to provide for related matters; to provide for an effective date; 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 1049/AP*** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/229540.pdf)
2. **LC 52 0317/a** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/222077.pdf)
3. **LC 52 0447S/hcs** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/225235.pdf)
4. **LC 52 0447S/hs** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/223212.pdf)
5. **Sen Ctee sub LC 52 0544S** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/227406.pdf)

## Votes

- House Vote #532 - 2023-2024 Regular Session — **168–0** (pass) · lower
- House Vote #883 - 2023-2024 Regular Session — **168–0** (pass) · lower
- Senate Vote #877 - 2023-2024 Regular Session — **49–0** (pass) · upper

## Sponsors

- Bill Werkheiser — primary (person)
- Bruce Williamson — primary (person)
- Darlene Taylor — primary (person)
- Eddie Lumsden — primary (person)

## Timeline

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

- **2024-01-26** House Hopper `introduction`
- **2024-01-29** House First Readers `reading-1`
- **2024-01-30** House Second Readers `reading-2`
- **2024-02-07** House Committee Favorably Reported By Substitute `committee-passage-favorable`
- **2024-02-22** House Third Readers `reading-3`
- **2024-02-22** House Passed/Adopted By Substitute `passage`
- **2024-02-26** Senate Read and Referred `referral-committee`
- **2024-03-14** Senate Committee Favorably Reported By Substitute `committee-passage-favorable`
- **2024-03-18** Senate Read Second Time `reading-2`
- **2024-03-26** Senate Tabled
- **2024-03-28** Senate Taken from Table
- **2024-03-28** Senate Third Read `reading-3`
- **2024-03-28** Senate Passed/Adopted By Substitute `passage`
- **2024-03-28** House Agreed Senate Amend or Sub
- **2024-04-03** House Sent to Governor `executive-receipt`
- **2024-05-06** House Date Signed by Governor `executive-signature`
- **2024-05-06** Act 592 `executive-signature`
- **2024-05-06** Effective Date

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/daaff879-cb29-4e65-b8b9-7dd283110239`. Confidence: reported (aggregated from official Georgia legislature records).