Fabio
84 lines
5.4 KiB
Markdown
84 lines
5.4 KiB
Markdown
---
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type: "Bill"
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title: "Insurance Business Transfer Act; enact"
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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."
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jurisdiction: "us/states/ga"
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legislature: "Georgia General Assembly"
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session: "2023_24"
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identifier: "HB 1049"
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citation: "Georgia HB 1049 (2023_24)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Bill Werkheiser", "Bruce Williamson", "Darlene Taylor", "Eddie Lumsden"]
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version_count: 5
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action_count: 18
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vote_count: 3
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first_action: "2024-01-26"
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last_action: "2024-05-06"
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source: "openstates"
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source_identifier: "ocd-bill/daaff879-cb29-4e65-b8b9-7dd283110239"
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source_url: "http://webservices.legis.ga.gov/GGAServices/Legislation/Service.svc?wsdl"
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source_hash: "6fd5d1449e8402e87c5089784dfbe587c28949db26094d66c683a3b12e0c8de4"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ga"]
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---
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# Georgia HB 1049 (2023_24) — Insurance Business Transfer Act; enact
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **HB 1049/AP*** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/229540.pdf)
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2. **LC 52 0317/a** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/222077.pdf)
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3. **LC 52 0447S/hcs** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/225235.pdf)
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4. **LC 52 0447S/hs** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/223212.pdf)
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5. **Sen Ctee sub LC 52 0544S** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/227406.pdf)
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## Votes
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- House Vote #532 - 2023-2024 Regular Session — **168–0** (pass) · lower
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- House Vote #883 - 2023-2024 Regular Session — **168–0** (pass) · lower
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- Senate Vote #877 - 2023-2024 Regular Session — **49–0** (pass) · upper
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## Sponsors
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- Bill Werkheiser — primary (person)
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- Bruce Williamson — primary (person)
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- Darlene Taylor — primary (person)
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- Eddie Lumsden — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2024-01-26** House Hopper `introduction`
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- **2024-01-29** House First Readers `reading-1`
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- **2024-01-30** House Second Readers `reading-2`
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- **2024-02-07** House Committee Favorably Reported By Substitute `committee-passage-favorable`
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- **2024-02-22** House Third Readers `reading-3`
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- **2024-02-22** House Passed/Adopted By Substitute `passage`
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- **2024-02-26** Senate Read and Referred `referral-committee`
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- **2024-03-14** Senate Committee Favorably Reported By Substitute `committee-passage-favorable`
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- **2024-03-18** Senate Read Second Time `reading-2`
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- **2024-03-26** Senate Tabled
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- **2024-03-28** Senate Taken from Table
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- **2024-03-28** Senate Third Read `reading-3`
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- **2024-03-28** Senate Passed/Adopted By Substitute `passage`
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- **2024-03-28** House Agreed Senate Amend or Sub
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- **2024-04-03** House Sent to Governor `executive-receipt`
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- **2024-05-06** House Date Signed by Governor `executive-signature`
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- **2024-05-06** Act 592 `executive-signature`
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- **2024-05-06** Effective Date
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## Source
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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).
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