HB 174: Insurance; insurer’s medium of payment of policy or contractual obligations; expandVoted on Tuesday February 21, 2017
John Pezold's thoughts
This legislation expands the definition of legal tender for insurance “face value” payouts. The language specifically addresses what can be put in a contract by an insurer as to how payouts can be dispersed.
It now includes wire transfer, cashier’s check (from bank or financial institution), draft check, bank check, electronic funds transfer, a gift card (if there are no fees associated and no expiration date)More information on legis.ga.gov
The table below breaks down the total number of votes, and marks the majority vote.
|Did not vote||9||5%|