Bill Text: GA SB503 | 2011-2012 | Regular Session | Introduced

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Bill Title: Life Insurance; provide for insurers to offer wellness endorsements or riders under certain circumstances

Spectrum: Moderate Partisan Bill (Republican 4-1)

Status: (Introduced - Dead) 2012-03-05 - Senate Read Second Time [SB503 Detail]

Download: Georgia-2011-SB503-Introduced.html

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12 LC 37 1424

Senate Bill 503

By: Senators Golden of the 8th, Bethel of the 54th, Goggans of the 7th, Shafer of the 48th and Stoner of the 6th

A BILL TO BE ENTITLED
AN ACT

To amend Chapter 25 of Title 33 of the Official Code of Georgia Annotated, relating to life insurance, so as to provide for insurers to offer wellness endorsements or riders under certain circumstances; to provide for related matters; to repeal conflicting laws; and for other purposes.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:

SECTION 1.

Chapter 25 of Title 33 of the Official Code of Georgia, relating to life insurance, is amended by adding a new Code section to read as follows:

"33-25-14.

A life insurer in this state may offer a wellness and health endorsement or rider under which the insurer shall provide a premium reduction for those insureds under such policy who meet the requirements of such wellness and health endorsement or rider."

SECTION 2.

All laws and parts of laws in conflict with this Act are repealed.