Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
How Georgia reviews and negotiates insurance rate filings: staff limits, timelines and negotiation
Summary
Insurance department staff explained the rate-filing process to the House committee: ~6,000 filings/year, a small actuarial team and external actuaries, 45‑day (60‑day for auto) clocks, and frequent negotiation that reduces carriers' requested increases.
At a Macon hearing, staff from the Georgia Insurance Commissioner’s office detailed how rate filings reach final action and why regulators often negotiate rather than block filings.
Steve Manders said the department handles about 3,000 domestic rate filings and roughly the same number of foreign filings annually, with a small review staff (about 15) and four actuaries on payroll. State law sets a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
