10 AM
37 0087
WITHDRAWN
3/24/10
Senator
Brown of the 26th offered the following amendment:
Amend
the Senate Insurance Committee substitute to SB 407 (LC 28 5167S) by inserting
after "regulations;"
on line 10 the
following:
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 insurer;
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 insurer;
By
inserting after "matters"
on line 10 the
following:
to provide for an effective date; to provide for applicability
to provide for an effective date; to provide for applicability
By
inserting after line 249 the
following:
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:.
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
3.
This
Act shall become effective on July 1, 2010, and Section 2 shall be applicable to
all premium billing beginning January 1, 2011.
SECTION
4