republic-os/legislation/us/states/ga/2023-24/hb-1049.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	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.	us/states/ga	Georgia General Assembly	2023_24	HB 1049	Georgia HB 1049 (2023_24)	bill		enacted	Bill Werkheiser Bruce Williamson Darlene Taylor Eddie Lumsden	5	18	3	2024-01-26	2024-05-06	openstates	ocd-bill/daaff879-cb29-4e65-b8b9-7dd283110239	http://webservices.legis.ga.gov/GGAServices/Legislation/Service.svc?wsdl	6fd5d1449e8402e87c5089784dfbe587c28949db26094d66c683a3b12e0c8de4	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	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
2. LC 52 0317/a (committee substitute) — source
3. LC 52 0447S/hcs (committee substitute) — source
4. LC 52 0447S/hs (committee substitute) — source
5. Sen Ctee sub LC 52 0544S (committee substitute) — source

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; origin ocd-bill/daaff879-cb29-4e65-b8b9-7dd283110239. Confidence: reported (aggregated from official Georgia legislature records).