| 1 | 1 | | 25 LC 46 1041 |
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| 2 | 2 | | House Bill 477 |
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| 3 | 3 | | By: Representatives Bazemore of the 69 |
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| 4 | 4 | | th |
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| 5 | 5 | | , Gilliard of the 162 |
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| 6 | 6 | | nd |
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| 7 | 7 | | , Crawford of the 89 |
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| 8 | 8 | | th |
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| 9 | 9 | | , Bennett |
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| 10 | 10 | | of the 94 |
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| 11 | 11 | | th |
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| 12 | 12 | | , Kendrick of the 95 |
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| 13 | 13 | | th |
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| 14 | 14 | | , and others |
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| 15 | 15 | | A BILL TO BE ENTITLED |
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| 16 | 16 | | AN ACT |
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| 17 | 17 | | To amend Chapter 9 of Title 33 of the Official Code of Georgia Annotated, relating to |
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| 18 | 18 | | 1 |
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| 19 | 19 | | regulation of rates, underwriting rules, and related organizations, so as to prohibit insurers2 |
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| 20 | 20 | | from raising private passenger motor vehicle insurance rates more often than once every3 |
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| 21 | 21 | | calendar year; to provide for related matters; to provide for an effective date; to provide for4 |
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| 22 | 22 | | applicability; to repeal conflicting laws; and for other purposes.5 |
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| 23 | 23 | | BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:6 |
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| 24 | 24 | | SECTION 1.7 |
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| 25 | 25 | | Chapter 9 of Title 33 of the Official Code of Georgia Annotated, relating to regulation of8 |
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| 26 | 26 | | rates, underwriting rules, and related organizations, is amended by revising paragraph (2) of9 |
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| 27 | 27 | | Code Section 33-9-4, relating to standards applicable to making and use of rates, as follows:10 |
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| 28 | 28 | | "(2) No rate shall be held to be excessive unless such rate is unreasonably high for the11 |
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| 29 | 29 | | insurance provided and a reasonable degree of competition does not exist in the area with12 |
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| 30 | 30 | | respect to the classification to which such rate is applicable; provided, however, that, |
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| 31 | 31 | | with13 |
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| 32 | 32 | | respect to rate filings involving an increase in rates, no rate for personal private passenger14 |
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| 33 | 33 | | motor vehicle insurance shall be held to be excessive unless such rate is unreasonably15 |
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| 34 | 34 | | high for the insurance provided and a reasonable degree of competition does not exist.16 |
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| 35 | 35 | | H. B. 477 |
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| 36 | 36 | | - 1 - 25 LC 46 1041 |
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| 37 | 37 | | Notwithstanding any other provision of this chapter, no insurer in this state shall raise17 |
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| 38 | 38 | | rates on a private passenger motor vehicle insurance policy more often than once every18 |
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| 39 | 39 | | calendar year;"19 |
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| 40 | 40 | | SECTION 2.20 |
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| 41 | 41 | | This Act shall become effective on January 1, 2026, and shall apply to all policies issued,21 |
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| 42 | 42 | | delivered, issued for delivery, or renewed in this state on or after such date.22 |
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| 43 | 43 | | SECTION 3.23 |
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| 44 | 44 | | All laws and parts of laws in conflict with this Act are repealed.24 |
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| 45 | 45 | | H. B. 477 |
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| 46 | 46 | | - 2 - |
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