Plain English Breakdown
The official bill title and summary confirm the prohibition but do not provide specific definitions or effective dates within the provided excerpts.
HB401: Insurance Rates and Advertising Costs
This bill stops insurance companies in Georgia from using the money they spend on advertising when deciding how much to charge for insurance.
What This Bill Does
- Prohibits insurers from considering advertising costs when making or using insurance rates.
Who It Names or Affects
- Insurance companies operating in Georgia
Limits and Unknowns
- The official text excerpt provided does not contain the full details of how advertising costs are defined.
- The effective date when this law begins is not listed in the source material.