Georgia House of Representatives - 1995/1996 Sessions

HB 47 - Insurance; redefine adjuster

Page Numbers - 1

1. Williams  114th        2. Towery  30th            3. Harbin  113th


House Comm: Ins        /                Senate Comm:            /                                   
House Vote: Yeas       Nays             Senate Vote: Yeas     Nays                                  
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               House          Action         Senate                                                 
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              1/9/95   Read 1st Time                                                                
              1/10/95  Read 2nd Time                                                                
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Rules Suspended to Introduce                                                                        
                                                                                                    
Code Sections amended: 33-23-1                                                                      


HB 47                                             LC 14 6335






                        A BILL TO BE ENTITLED
                               AN ACT


  1- 1  To amend Code Section 33-23-1 of the Official Code of
  1- 2  Georgia Annotated, relating to definitions of terms
  1- 3  applicable to licensing of insurance agents, subagents,
  1- 4  counselors, and adjusters, so as to provide that the term
  1- 5  "adjuster" does not include a salaried employee of an
  1- 6  insurer who adjusts claims; to provide for related matters;
  1- 7  to repeal conflicting laws; and for other purposes.

  1- 8       BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:

                         SECTION 1.

  1- 9  Code Section 33-23-1 of the Official Code of Georgia
  1-10  Annotated, relating to definitions of terms applicable to
  1-11  licensing of insurance agents, subagents, counselors, and
  1-12  adjusters, is amended by striking paragraph (1) of
  1-13  subsection (a) and inserting in its place the following:

  1-14      "(1) 'Adjuster' means any person who for a fee,
  1-15      commission, salary, or other compensation investigates,
  1-16      settles, or adjusts and reports to his or her employer
  1-17      or principal with respect to claims arising under
  1-18      insurance contracts on behalf of the insurer or the
  1-19      insured or a person who directly supervises or manages
  1-20      such person.  The term 'adjuster' does not include:

  1-21        (A) Persons who adjust claims arising under contracts
  1-22        of life or marine insurance or annuities; or

  1-23        (B) An agent or a salaried employee of an agent or a
  1-24        salaried employee of an insurer who adjusts or assists
  1-25        in adjusting losses under policies issued by such
  1-26        agent or insurer."

                         SECTION 2.

  1-27  All laws and parts of laws in conflict with this Act are
  1-28  repealed.





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