hb1268_Sen_floor_amend_2_AM_37_0091_9.html
10 AM 37 0091

ADOPTED

Senators Brown of the 26th and Hudgens of the 47th offered the following amendment:

Amend the Senate Insurance and Labor Committee substitute to HB 1268 (LC 37 1085S) by deleting lines 1 and 2 and inserting in lieu thereof the following:
To amend Title 33 of the Official Code of Georgia Annotated, relating to insurance, so as to revise the time periods

By inserting after "plans;" on line 4 the following:
to provide for notice of on each premium statement the portion of such premium composed of state premium taxes;

By deleting lines 8 and 9 and inserting in lieu thereof the following:
Title 33 of the Official Code of Georgia Annotated, relating to insurance, is amended by revising Code

By deleting lines 311 and 312 and inserting in lieu thereof the following:
Said title is further amended by adding a new Code section as follows:
"33-8-14.
All foreign, alien, and domestic insurance companies doing business in this state shall provide a notice on each premium statement or invoice sent to customers advising that a portion of the premiums being charged is composed of state premium taxes imposed by Code Section 33-8-4 and county or municipal premium taxes imposed by Code Section 33-8-8.1 or 33-8-8.2, as the case may be. Such notice shall further advise that the maximum rate of taxation is 4.75 percent for property and casualty insurance coverages and 4.25 percent for life, accident, and health insurance coverages."

SECTION 3.
This Act shall become effective upon its approval by the Governor or upon its becoming law without such approval.

SECTION 4.