Reinsurance of Risks; adequate regulation of reinsurers; incorporation of the National Association of Insurance Commissioners reinsurance model into the Georgia Insurance Code; provide

A BILL to be entitled an Act to amend Code Section 33-7-14 of the Official Code of Georgia Annotated, relating to reinsurance of risks, so as to provide adequate regulation of reinsurers; to provide for the incorporation of the National Association of Insurance Commissioners reinsurance model law into the Georgia Insurance Code; to provide domestic ceding insurers credit as either an asset or a deduction in liability on account of reinsurance purchased only when the purchase meets new requirements; to provide for related matters; to repeal conflicting laws; and for other purposes.