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---
type: "Bill"
title: "'Georgia Captive Insurance Company Act'; provide extensive changes; provisions"
description: "A BILL to be entitled an Act to amend Title 33 of the Official Code of Georgia Annotated, relating to insurance, so as to provide for extensive changes to the captive insurance company provisions of this title; to provide for definitions for types of captive insurance companies; to provide for creation and regulation of different types of captive insurance companies; to provide for certain exemptions; to change certain requirements; to provide for regulation by the Commissioner; to repeal conflicting laws; and for other purposes."
jurisdiction: "us/states/ga"
legislature: "Georgia General Assembly"
session: "2015_16"
identifier: "SB 347"
citation: "Georgia SB 347 (2015_16)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Charlie Bethel"]
version_count: 5
action_count: 16
vote_count: 1
first_action: "2016-02-08"
last_action: "2016-07-01"
source: "openstates"
source_identifier: "ocd-bill/8fd1b5d5-2937-4ef6-a6aa-ef7a078b84ba"
source_url: "http://webservices.legis.ga.gov/GGAServices/Legislation/Service.svc?wsdl"
source_hash: "04f808b0b525a5c22837b67d8c13a42b9347b5d829f235fb701949c548dc6571"
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 347 (2015_16) — 'Georgia Captive Insurance Company Act'; provide extensive changes; provisions
A BILL to be entitled an Act to amend Title 33 of the Official Code of Georgia Annotated, relating to insurance, so as to provide for extensive changes to the captive insurance company provisions of this title; to provide for definitions for types of captive insurance companies; to provide for creation and regulation of different types of captive insurance companies; to provide for certain exemptions; to change certain requirements; to provide for regulation by the Commissioner; 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 37 2118ER** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20152016/156735.pdf)
2. **As passed Senate** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20152016/158975.pdf)
3. **Committee sub LC 37 2146ERS** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20152016/157957.pdf)
4. **LC 37 2185ERS/hss** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20152016/159832.pdf)
5. **SB 347/AP*** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20152016/162377.pdf)
## Votes
- PASSAGE BY SUBSTITUTE — **460** (pass) · upper
## Sponsors
- Charlie Bethel — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2016-02-08** Senate Hopper
- **2016-02-09** Senate Read and Referred `referral-committee`
- **2016-02-19** Senate Committee Favorably Reported By Substitute `committee-passage-favorable`
- **2016-02-22** Senate Read Second Time `reading-2`
- **2016-02-26** Senate Third Read `reading-3`
- **2016-02-26** Senate Passed/Adopted By Substitute `passage`
- **2016-02-29** House First Readers `reading-1`
- **2016-03-02** House Second Readers `reading-2`
- **2016-03-10** House Committee Favorably Reported By Substitute `committee-passage-favorable`
- **2016-03-11** House Third Readers `reading-3`
- **2016-03-11** House Passed/Adopted By Substitute `passage`
- **2016-03-24** Senate Agreed House Amend or Sub
- **2016-03-31** Senate Sent to Governor `executive-receipt`
- **2016-05-03** Senate Date Signed by Governor `executive-signature`
- **2016-05-03** Act 611 `executive-signature`
- **2016-07-01** Effective Date
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/8fd1b5d5-2937-4ef6-a6aa-ef7a078b84ba`. Confidence: reported (aggregated from official Georgia legislature records).