All Roll Calls
Yes: 252 • No: 65
GeorgiaHB 3482025-2026 Regular SessionHouseWALLET
Insurance; expand lines of insurance or reinsurance in which a limited purpose subsidiary and captive insurance company may engage
Sponsored By: James Burchett (Republican), Carolyn Hugley (Democrat), Eddie Lumsden (Republican), Steve Tarvin (Republican), Darlene Taylor (Republican), Bruce Williamson (Republican)
Became Law
InsuranceInsurance and LaborGeneral Bill
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
More flexibility for captive insurers
The law gives captive insurance companies broader authority to write insurance and reinsurance that the Commissioner finds reasonable, as allowed by their formation documents. It covers casualty (with accident and sickness generally excluded), marine and transportation, property, and surety lines. Pure captive insurance companies may also write accident and sickness insurance. The law expands who counts as a controlled unaffiliated business, allowing certain outside partners and approved reinsurance deals with other captives, subject to the Commissioner’s approval.
New limits and financing for insurer subsidiaries
The law sets new rules for limited purpose subsidiaries that handle reinsurance. These subsidiaries must be wholly owned by the organizing domestic reinsurer or by one or more sponsors. They can reinsure only the insurance lines the organizer or a sponsor is authorized to write, and only the organizer’s own risks. Subsidiaries that hold a certificate of authority may also use alternative forms of financing.
Sponsors & Cosponsors
Sponsors
James Burchett
Republican • House
Carolyn Hugley
Democrat • House
Eddie Lumsden
Republican • House
Steve Tarvin
Republican • House
Darlene Taylor
Republican • House
Bruce Williamson
Republican • House
Cosponsors
Larry Walker
Republican • Senate
Roll Call Votes
Senate vote • 3/28/2025
PASSAGE
Yes: 47 • No: 2
Senate vote • 3/28/2025
ADOPTION OF AMENDMENT #1 BY THE SENATOR FROM THE 2ND
Yes: 18 • No: 32
Senate vote • 3/28/2025
ADOPTION OF AMENDMENT #2 BY THE SENATOR FROM THE 9TH
Yes: 19 • No: 31
House vote • 3/4/2025
PASSAGE
Yes: 168 • No: 0
Actions Timeline
Effective Date
6/1/2025House Date Signed by Governor
5/14/2025HouseAct 258
5/14/2025House Sent to Governor
4/7/2025HouseSenate Third Read
3/28/2025SenateSenate Passed/Adopted
3/28/2025SenateSenate Read Second Time
3/20/2025SenateSenate Committee Favorably Reported
3/18/2025SenateSenate Read and Referred
3/6/2025SenateHouse Third Readers
3/4/2025HouseHouse Passed/Adopted
3/4/2025HouseHouse Committee Favorably Reported
2/20/2025HouseHouse Second Readers
2/12/2025HouseHouse First Readers
2/11/2025HouseHouse Hopper
2/10/2025House
Bill Text
HB 348/AP* (v7)
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