News by sections

News by region
Issue archives
Archive section
Emerging talent
Emerging talent profiles
Domicile guidebook
Guidebook online
Search site
Features
Interviews
Domicile profiles
Generic business image for news article Image: Shutterstock

06 April 2018
Georgia
Reporter Ned Holmes

Share this article





Georgia captive legislation delayed

New captive insurance legislation has been delayed in Georgia, after a bill was dropped by the state’s senate due to time constraints.

House Bill 214, proposes amendments to Chapter 41 of Title 33, relating to captive insurance, and, more specifically, to sponsored captive insurance companies.

First introduced to the Georgia House of Representatives in February 2017, the bill passed its first and second Senate readings during the 2017 legislative session.

The bill passed its third Senate reading on 29 March 2018 but, as it was late in the legislative session, the bill was dropped.

The 2018 legislative session in Georgia began on 8 January and closed on 31 March.

A statement from the Georgia Department of Insurance said: “There was no opposition to the bill, but unfortunately due to time restraints it was dropped late in the legislative session.”

It added: “The Insurance Department plans to propose the bill again during the 2019 legislative session.”

Subscribe advert
Advertisement
Get in touch
News
More sections
Black Knight Media