Select a different bill



SB 0213 - Insurance Commissioner; waive retaliatory obligations, prohibitions or restrictions under certain circumstances; provide exceptions

Tracking Level: Monitor
Sponsor: Shafer,David 48th
Last Action: 5/12/2008 - Senate Date Signed by Governor
Senate Committee: I&L
House Committee: Ins

Staff Analysis of the Legislation

Senate Bill 213

 

Chairman:Tom Knox

 

Committee:Insurance

 

House Sponsor: John Meadows

Senate Sponsor: David Shafer

 

Chairman Knox’s Opinion of the Legislation:

This bill allows the Insurance Commissioner to waive assessment of retaliatory taxes on insurance companies seeking to do business in this state. Currently, retaliatory taxes are collected from out-of-state companies whose home state imposes higher fees/taxes on Georgia companies. Making these higher fees/taxes discretionary may encourage greater competition in the industry.

This bill comes to the House Floor under the Open Rule.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text