Plain English Breakdown
The effective date is missing from the metadata; it may be determined by a later executive action or standard state law timelines not shown here.
Limited License for Portable Electronics and Consumer Goods Insurance
This bill creates a new limited license that allows people to offer or sell insurance specifically for portable electronics and consumer goods.
What This Bill Does
- Creates a limited license to offer or sell portable electronics and consumer goods insurance.
- Updates definitions in state law regarding agents, agencies, subagents, counselors, and adjusters.
- Makes changes needed to match other laws with these new rules.
- Removes older laws that conflict with the new rules.
Who It Names or Affects
- Insurance agents, agencies, subagents, counselors, and adjusters who may seek this limited license.
- State officials responsible for insurance licensing under Title 33 of the Official Code of Georgia Annotated.
Limits and Unknowns
- The provided text does not list specific fees, training requirements, or an effective date for this new license.
- The exact details of how to apply for the limited license are not included in the summary.