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Rep. Douglas asks committee to study reinsurance fund to help small businesses and essential industries
Summary
Representative Douglas presented House Resolution 40 proposing a study committee to explore a state-backed reinsurance model—modeled on Section 1332 waiver tools—to attract reinsurers and reduce coverage gaps for small businesses across industries, with extended Q&A clarifying reinsurance mechanics and scope.
Representative Douglas presented House Resolution 40 to the Committee on Special Rules, proposing a study committee to examine how the state could attract reinsurance capacity to backstop insurers covering small businesses and “essential” industries.
Douglas described the committee’s purpose: to identify industries most challenged by insurance limits, to measure economic impact using Georgia Department of Economic Development metrics, and to design public-private partnerships that could attract reinsurers to reduce premiums and transfer risk. “The study committee will measure economic impact using…
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