Staff Analysis of the Legislation
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Amend Chapter 9 of Title 33. Relating to regulation of rates, underwriting rules, and related organizations with regard to insurance. This bill would enact the �Medical Malpractice Insurance Reform Act� and require medical malpractice insurers to file rates, rating plans, rating systems, and underwriting rules and require that medical malpractice insurers develop rates based on each insurer�s experience in Georgia. Every insurer providing medical malpractice insurance shall submit to the Commissioner a report of all claims filed during the reporting period. When a rate filing of a medical malpractice insurer will result in an increase of more than 10 percent the Commissioner shall notify the public and hold a public hearing as to the appropriateness of the increase.
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