Georgia has enacted Senate Bill 201, which, among other provisions, states that no insurer should sell homeowners insurance policies that allow for the assignment of proceeds to a contractor within one year of a natural disaster which causes damage to the insured's property.
Georgia
Georgia Issues Directive Lifting Ban on Policy Cancellations in Remaining Counties
Oct 30, 2024 / by AAIS posted in Compliance, Georgia
On October 24, 2024, the Georgia Office of Commissioner of Insurance and Safety Fire (OCI) issued Directive 24-EX-9 to lift the temporary ban on policy cancellations in all remaining counties that was set forth in Directive 24-EX-6.
Georgia Issues Directive Lifting Ban on Policy Cancellations in Certain Counties
Oct 17, 2024 / by AAIS posted in Compliance, Georgia
On October 10, 2024, the Georgia Office of Commissioner of Insurance and Safety Fire (OCI) issued Directive 24-EX-8 to lift the temporary ban on policy cancellations in certain counties that was set forth in Directive 24-EX-6.
Georgia Issues Directives Following Hurricane Helene
Oct 4, 2024 / by AAIS posted in Compliance, Georgia
The Georgia Office of Commissioner of Insurance and Safety Fire (OCI) has issued Directive 24-EX-5 and Directive 24-EX-6 to all insurers in the state following Hurricane Helene.
