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SB 72 - Insurers; rehabilitation and liquidation; liability of reinsurers; payments under contract
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First Reader Summary
A bill to be entitled an Act to amend Article 3 of Chapter 37 of Title 33 of the Official Code of Georgia Annotated, relating to procedure for rehabilitation of insurers, so as to change the provisions relating to liability of reinsurers; to provide that reinsurance shall be payable under a contract or contracts reinsured by the assuming insurer on the basis of reported claims allowed by the court issuing the order of liquidation, without diminution because of the insolvency of the ceding insurer; to provide that such payments shall be made directly to the ceding insurer or to its domiciliary liquidator except under certain circumstances; to repeal conflicting laws; and for other purposes.
Code Sections Amended
33-37-31
| Electronically Recorded Votes |
| Vote |
Date |
Time |
Bill |
Description |
Yeas |
Nays |
N/V |
Exc |
| SV0114 |
02/22/2001 |
03:22pm |
SB 72 |
PASSAGE BY SUBSTITUTE |
53 |
0 |
2 |
1 |
| HV0599 |
03/21/2001 |
09:21pm |
SB 72 |
PASS |
165 |
0 |
12 |
3 |
| Bill History |
| Date |
Action |
| 04/27/2001 |
Signed by Governor (279) |
| 04/04/2001 |
Senate Sent to Governor |
| 03/21/2001 |
House Passed/Adopted |
| 03/21/2001 |
House Third Readers |
| 03/08/2001 |
House Committee Favorably Reported |
| 02/27/2001 |
House Second Readers |
| 02/26/2001 |
House First Readers |
| 02/22/2001 |
Senate Passed/Adopted |
| 02/22/2001 |
Senate Third Read |
| 02/16/2001 |
Senate Read Second Time |
| 02/15/2001 |
Senate Committee Favorably Reported |
| 01/29/2001 |
Senate Read and Referred |
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