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	Georgia General Assembly

House Resolution 26
By: Representatives Golick of the 30^th, Lord of the 121^st, Shaw of the 176^th, Harbin of the 113^th and Bannister of the 77^th

A RESOLUTION

Creating the House Insurance Rate Regulation Study Committee; and for other purposes.

WHEREAS, it is among the purposes of the laws of this state which regulate insurance rates and ratings, as expressed in Code Section 33-9-1 of the Official Code of Georgia Annotated, to promote the public welfare by regulating insurance rates to the end that they shall not be excessive, inadequate, or unfairly discriminatory and to permit and encourage competition between insurers on a sound financial basis to the fullest extent possible; and

WHEREAS, there is a need to review such laws to determine whether any reform, revision, or modernization of such laws is necessary and appropriate under current economic and regulatory conditions so as to better fulfill the purposes of such laws.

NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES that there is created the House Insurance Rate Regulation Study Committee to be composed of five members of the House of Representatives to be appointed by the Speaker of the House. The Speaker of the House shall designate a member of the committee as chairperson of the committee. The chairperson shall call all meetings of the committee.

BE IT FURTHER RESOLVED that the committee shall undertake a study of the conditions, needs, issues, and problems mentioned above or related thereto and recommend any actions or legislation which the committee deems necessary or appropriate. The committee may conduct such meetings at such places and at such times as it may deem necessary or convenient to enable it to exercise fully and effectively its powers, perform its duties, and accomplish the objectives and purposes of this resolution. The members of the committee shall receive the allowances authorized for legislative members of interim legislative committees but shall receive the same for not more than three days unless additional days are authorized. The funds necessary to carry out the provisions of this resolution shall come from the funds appropriated to the House of Representatives. In the event the committee makes a report of its findings and recommendations, with suggestions for proposed legislation, if any, such report shall be made on or before December 1, 2001. The committee shall stand abolished on December 1, 2001.