Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018
Georgia passes ‘division’ model for run-off deals
- 30 March 2018
Georgia legislation that lets insurers divide and opens a path for run-off transactions involving legacy books of business will become law by 1 July, even if Governor Nathan Deal fails to sign the measure.
The state's legislative session ended yesterday, meaning Deal can sign HB 754 between now and the end of June to enact the bill as law. But legislative sources said that under Georgia law, it will go on the books on 1 July even if he doesn...
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