# Georgia HB 348: Insurance; expand lines of insurance or reinsurance in which a limited purpose subsidiary and captive insurance company may engage

Georgia HB 348, Insurance; expand lines of insurance or reinsurance in which a limited purpose subsidiary and captive insurance company may engage, is a 2025-2026 Regular Session House bill sponsored by James Burchett (Republican), Carolyn Hugley (Democrat), Eddie Lumsden (Republican) and 3 others; status signed, last action 2025-06-01 (Effective Date) (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/GA-HB348-2025-2026
- As of: 2026-10-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Georgia HB 348
- State: Georgia
- Session: 2025-2026 Regular Session
- Title: Insurance; expand lines of insurance or reinsurance in which a limited purpose subsidiary and captive insurance company may engage
- Status: signed
- Chamber: House
- Introduced: 2025-02-10
- Last action: 2025-06-01, Effective Date
- Sponsors: James Burchett (Republican), Carolyn Hugley (Democrat), Eddie Lumsden (Republican), Steve Tarvin (Republican), Darlene Taylor (Republican), Bruce Williamson (Republican)
- Cosponsors: 1
- Subjects: Insurance, Insurance and Labor, General Bill
- Touches household money: no
- Roll calls: 4 (252 yes, 65 no in all)
- Economic provisions PRIA read: 2

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Georgia captive insurers gain broader access: benefit, low. Georgia captive insurers can provide any insurance or reinsurance the Insurance Commissioner finds reasonable, replacing four listed insurance categories. Their formation documents must allow the activity, and other captive insurance rules still apply. More people and businesses outside a parent co…
- Georgia insurance subsidiaries gain more options: benefit, low. Georgia limited purpose subsidiaries can reinsure insurance lines authorized for their organizing reinsurer or a sponsor, not just the organizer’s risks. Sponsors now include entities helping form the subsidiary, issue securities, invest, or raise equity or debt. The subsidiary must be wholly owned…

## Sponsors and cosponsors

- Sponsor: James Burchett (Republican), House
- Sponsor: Carolyn Hugley (Democrat), House
- Sponsor: Eddie Lumsden (Republican), House
- Sponsor: Steve Tarvin (Republican), House
- Sponsor: Darlene Taylor (Republican), House
- Sponsor: Bruce Williamson (Republican), House
- Cosponsor: Larry Walker (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-03-28 | Senate | ADOPTION OF AMENDMENT #1 BY THE SENATOR FROM THE 2ND | fail | 18 | 32 | 2 |
| 2025-03-28 | Senate | ADOPTION OF AMENDMENT #2 BY THE SENATOR FROM THE 9TH | fail | 19 | 31 | 2 |
| 2025-03-28 | Senate | PASSAGE | pass | 47 | 2 | 3 |
| 2025-03-04 | House | PASSAGE | pass | 168 | 0 | 7 |

## Actions (15)

- 2025-06-01: Effective Date
- 2025-05-14: House Date Signed by Governor (House)
- 2025-05-14: Act 258
- 2025-04-07: House Sent to Governor (House)
- 2025-03-28: Senate Third Read (Senate)
- 2025-03-28: Senate Passed/Adopted (Senate)
- 2025-03-20: Senate Read Second Time (Senate)
- 2025-03-18: Senate Committee Favorably Reported (Senate)
- 2025-03-06: Senate Read and Referred (Senate)
- 2025-03-04: House Third Readers (House)
- 2025-03-04: House Passed/Adopted (House)
- 2025-02-20: House Committee Favorably Reported (House)
- 2025-02-12: House Second Readers (House)
- 2025-02-11: House First Readers (House)
- 2025-02-10: House Hopper (House)

## Bill text

- HB 348/AP* (v7): [PDF](https://www.legis.ga.gov/api/legislation/document/20252026/238068)

## Related bills

- SB 160: Reckless Stunt Driving; a motor vehicle involved in a second offense of reckless stunt driving; replace the forfeiture penalty (signed)
- SB 384: Motor Vehicle; optional five-year motor vehicle registration and revalidation for certain motor vehicles; provide (signed)
- SB 76: License Plates; specialty license plate benefitting the Georgia Veterans Service Foundation; establish (signed)
- SB 406: "Georgia Property Owners' Bill of Rights Act"; enact (signed)
- HB 1391: Specialty license plates; honor public safety officers; establish (signed)
- HB 1344: Georgia Insurance Affordability and Claims Integrity Act; enact (signed)

## Sources
- [HB 348/AP* (v7) (PDF)](https://www.legis.ga.gov/api/legislation/document/20252026/238068)

## Related
- [SB 160: Reckless Stunt Driving; a motor vehicle involved in a second offense of reckles…](https://policyrisk.com/state-bill/GA-SB160-2025-2026)
- [SB 384: Motor Vehicle; optional five-year motor vehicle registration and revalidation f…](https://policyrisk.com/state-bill/GA-SB384-2025-2026)
- [SB 76: License Plates; specialty license plate benefitting the Georgia Veterans Servic…](https://policyrisk.com/state-bill/GA-SB76-2025-2026)
- [SB 406: "Georgia Property Owners' Bill of Rights Act"; enact](https://policyrisk.com/state-bill/GA-SB406-2025-2026)
- [HB 1391: Specialty license plates; honor public safety officers; establish](https://policyrisk.com/state-bill/GA-HB1391-2025-2026)
- [HB 1344: Georgia Insurance Affordability and Claims Integrity Act; enact](https://policyrisk.com/state-bill/GA-HB1344-2025-2026)
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Source: PRIA, https://policyrisk.com/state-bill/GA-HB348-2025-2026 (as of 2026-10-19).