09 LC 37
0841
Senate
Bill 125
By:
Senators Brown of the 26th and Hudgens of the 47th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Chapter 8 of Title 33 of the Official Code of Georgia Annotated, relating
to fees and taxes regarding insurance, so as to require insurance companies to
indicate on their premium statements to consumers the amount of the premium
attributable to premium taxes paid by the insurer; to provide for related
matters; to provide an effective date; to provide for applicability; to repeal
conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Chapter
8 of Title 33 of the Official Code of Georgia Annotated, relating to fees and
taxes regarding insurance, is amended by inserting a new Code section to read as
follows:
"33-8-14.
All
foreign, alien, and domestic insurance companies doing business in this state
shall indicate on each premium notice, regardless of the line of insurance, how
much of the premium being charged is attributable to the applicable insurance
tax premium paid to the Commissioner under this
chapter."
SECTION
2.
This
Act shall become effective on July 1, 2009, and shall be applicable to all
premium billing beginning January 1, 2010.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.