Georgia Reduction in Coverage<br>Bill Enacted

Georgia Reduction in Coverage Bill Enacted

Georgia House Bill 760 has been enacted. This bill clarifies the definition of “nonrenewal” by stating that a change in policy terms or a reduction in coverage shall not be construed to be a nonrenewal. It also adds the definition of “reduction in coverage”. Lastly, the bill adds notice requirements specific to reductions in coverage at renewal. The new law takes effect July 1, 2018 and applies to certain property and automobile insurance.

Georgia HB 760