The Georgia Legislature has passed a bill that would give the state’s insurance commissioner more oversight on personal auto insurance rates for policies that offer more than the mandatory minimum limits, according to the state’s Office of the Commissioner of Insurance and Safety Fire.
Under Georgia’s current rate-filing system, the insurance commissioner only has the authority to approve or disapprove filings for minimum-limit policies, whiles all other filings go into effect immediately through a “file and use” provision. House Bill 221, which was passed by the Senate on Tuesday, was approved by the House exactly one month earlier. It maintains the commissioner’s authority over mandatory minimum-limit filings, while giving the commissioner 60 days to review all other filings.
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