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Read. Follow. Verify.Georgia revises Department of Insurance practices, statutory deposits, and agency licensing rules
Last action · May 14, 2025: House Date Signed by GovernorSponsors: Buddy DeLoach and 3 others
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What This Bill Does
Georgia House Bill 410 streamlines Department of Insurance practices by revising deposit rules, removing branch licensee fees and agency branch licensure requirements, and establishing biennial license renewals based on an agency's origination month. The law becomes effective immediately upon approval by the Governor.
Insurance companies and agencies operating in Georgia face updated regulatory procedures, altered deposit requirements, and new timelines for license renewals tied to their origination month.
- Title 33 of the Official Code of Georgia Annotated governs insurance regulation, corporate formation of insurers, and licensing procedures within the state. context
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Foreign and Alien Insurers
Insurers are permitted to use out-of-state public custody certificates in lieu of local state deposits.
Insurance Agencies
Agencies must shift their biennial license renewals to align with their specific origination month instead of a uniform calendar date.
Domestic Stock and Mutual Insurers
Insurers experience revised application filing requirements and shortened review timeframes by the Commissioner.
Key Facts
- Foreign insurers may maintain a standard $100,000 deposit for the first class of insurance, $25,000 for each additional class, up to a $200,000 total limit.
- The Commissioner of Insurance must accept certificates from other states' public officials for foreign or alien insurers in lieu of local state deposits.
- Fees for branch licensees under Code Section 33-8-1 are repealed.
- The Commissioner of Insurance must approve or disapprove domestic stock and mutual insurer charter applications within 45 days of receipt.
Show all 8 facts
- Unlawful transaction of insurance business by a corporation without an appointed attorney subjects the violating party to a penalty between $100.00 and $500.00.
- Petitions for the renewal of a domestic insurer charter require a filing fee of $100.00.
- Bonds for forming a fraternal benefit society must be between $300,000.00 and $1.5 million as required by the Commissioner.
- Insurance agencies must renew their licenses biennially prior to the last day of the agency's origination month rather than December 31.
Frequently Asked Questions
How do foreign insurers satisfy deposit requirements under the new law?
When must insurance agencies renew their licenses?
What is the penalty for conducting insurance business without an appointed legal service attorney?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Current status: Signed into law.
Procedural history
15 actions- May 14, 2025HouseEnrolledHouse Date Signed by Governor
- May 14, 2025GovernorEnrolledAct 265
- May 14, 2025Georgia General AssemblyEffective Date
- Apr 10, 2025HouseHouse Sent to Governor
- Mar 28, 2025SenateSenate Third Read
- Mar 28, 2025SenateFloorSenate Passed/Adopted
Show 9 earlier actions
- Mar 18, 2025SenateSenate Read Second Time
- Mar 13, 2025SenateCommitteeSenate Committee Favorably Reported
- Feb 27, 2025SenateIntroducedSenate Read and Referred
- Feb 26, 2025HouseHouse Third Readers
- Feb 26, 2025HouseFloorHouse Passed/Adopted
- Feb 20, 2025HouseCommitteeHouse Committee Favorably Reported
- Feb 18, 2025HouseHouse Second Readers
- Feb 13, 2025HouseIntroducedHouse First Readers
- Feb 12, 2025HouseIntroducedHouse Hopper
Version history & redline
2 versions on fileLobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Streamlining Insurance Regulation
The legislation systematically removes archaic publication requirements and branch licensing fees across multiple chapters of Title 33.
Connected Entities
Sources
www.legis.ga.gov
Analysis Score
0–100- Significance60How much this matters to a regular citizen
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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