---
title: SB 324. Life Insurance; certain protections for life insurance policyholders and beneficiaries; provide
collection: bills
id: 2025-2026/sb324
cite_as: SB 324, 2025-2026 Regular Session (Ga.)
canonical_url: https://georgiacommons.org/bills/2025-2026/sb324
md_url: https://georgiacommons.org/bills/2025-2026/sb324.md
text_url: https://georgiacommons.org/bills/2025-2026/sb324/text
source_url: https://www.legis.ga.gov/legislation/71181
date: 2026-03-10
status: engrossed
corpus_version: bills-2026-09-13
license: Public record of the Georgia General Assembly, via LegiScan; see about.md
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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omitted: votes and history
omitted_chars: 639
omitted_url: https://georgiacommons.org/bills/2025-2026/sb324.md?full=1
bill_number: SB 324
session: 2025-2026 Regular Session
session_slug: 2025-2026
chamber: Senate
bill_type: bill
status_date: 2026-03-06
last_action: House Second Readers
sponsors:
- Marty Harbin
- Ricky Williams
- John Albers
- Steve Gooch
- Randy Robertson
- Mike Hodges
- Drew Echols
- Max Burns
text_version: Engrossed
has_text: true
legiscan_url: https://legiscan.com/GA/bill/SB324/2025
upstream_id: 1992993
summaries_model: claude-sonnet-5
topic_tags:
- life insurance
- insurance regulation
- unclaimed benefits
- consumer protection
- Georgia Department of Insurance
---
# SB 324. Life Insurance; certain protections for life insurance policyholders and beneficiaries; provide
## Text
Senate Bill 324
By: Senators Harbin of the 16th, Williams of the 25th, Albers of the 56th, Gooch of the 51st,
Robertson of the 29th and others
AS PASSED SENATE
A BILL TO BE ENTITLED
AN ACT
To amend Chapter 25 of Title 33 of the Official Code of Georgia Annotated, relating to life
insurance, so as to provide for certain protections for life insurance policyholders; to provide
for a short title; to provide definitions; to provide for insurers to conduct policy locator
searches on a quarterly basis; to provide for updated records; to provide for disclosure of
certain information; to provide for the right to original agents of record; to provide for the
right to access policy information; to provide for an authorized recipient; to provide for a
standardized form authorizing access to certain information; to provide for the right to an
annual policy status report; to provide for the right to beneficiary protection; to provide for
annual reporting; to provide for the Department of Insurance to publish on its website a
statement on the rights of policyholders and a standardized form for authorizing a recipient
to have access to certain policy information; to provide for such statement and form to be
sent to certain insurers; to provide for rules and regulations; to provide for related matters;
to provide for an effective date; to repeal conflicting laws; and for other purposes.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION 1.
Chapter 25 of Title 33 of the Official Code of Georgia Annotated, relating to life insurance,
is amended by adding a new subsection to Code Section 33-25-14, relating to unclaimed life
insurance benefits, purpose, definitions, and insurer conduct, to read as follows:
"(d.1) An insurer shall conduct a search of the National Association of Insurance
Commissioners' policy locator system on at least a quarterly basis to identify potential
matches to policies, persons, and designated beneficiaries. If an insurer finds a match, then
the insurer shall within 30 days confirm the accuracy of the match, contact the person, the
designated beneficiary, or an authorized representative, and update the insurer's records.
To the extent permitted by law, an insurer may disclose minimum necessary personal
information about a person or a designated beneficiary to a person who the insurer
reasonably believes may be able to assist the insurer in locating the designated beneficiary
or a person otherwise entitled to payment of the claims proceeds."
SECTION 2.
Said chapter is further amended by adding a new Code section to read as follows:
"33-25-16.
(a) This Code section shall be known and may be cited as the 'Georgia Policyholder Bill
of Rights.'
(b) As used in this Code section, the term:
(1) 'Insurer' means an insurance company that issued or currently insures a policy.
(2) 'Policy' means a life insurance policy owned by an individual who is a resident of this
state regardless of whether the policy was issued, delivered, or renewed in this state.
Such term includes a contract of life insurance, a life benefit certificate issued by a
fraternal benefit society, a life annuity, or an annuity contract.
(3) 'Policyholder' means the owner of a policy.
(c) A policyholder has the right to retain his or her original agent of record for a policy.
If an insurer sells or transfers the policy to another insurer, such insurer shall continue to
provide annual reports to the original agent of record.
(d) A policyholder has the right to receive important insurance policy documents. Such
documents include, but are not limited to, company illustrations outlining projected values;
status reports detailing payments, benefits, and conditions; and reprojections providing
updated future value estimates. A policyholder may authorize a recipient to have access
to such documents by submitting a standardized form developed by the department. Such
form shall include the following:
(1) The policyholder's full legal name, date of birth, and the last four digits of the
policyholder's social security number;
(2) The authorized recipient's name and contact information;
(3) The information authorized to be shared;
(4) The express limitation that the authorization does not grant the authorized recipient
the authority to make policy changes, change beneficiaries, or assign, surrender, borrow,
or transfer any policy;
(5) The effective date and the duration of effectiveness, not to exceed 12 months; and
(6) The notarized signature of the policyholder.
(e) A policyholder has the right to receive an annual report detailing the status of his or her
policy. An insurer shall provide such annual report, even if the policy is fully paid.
(f) A policyholder has the right to beneficiary protection. No later than January 1, 2027,
and annually thereafter, every insurer shall report to the Commissioner the results of
searches conducted under Code Section 33-25-14.
(g) The Commissioner shall, as soon as practicable, but no later than January 1, 2027,
prepare a statement that sets forth in simple and nontechnical terms the rights of
policyholders as set forth in this Code section and the authorization form provided for in
subsection (d) of this Code section. Such statement and form shall be published on the
department website and shall be sent to all insurers authorized to transact life insurance in
this state.
(h) The Commissioner shall promulgate rules and regulations necessary to implement the
provisions of this Code section."
SECTION 3.
This Act shall become effective upon its approval by the Governor or upon its becoming law
without such approval.
SECTION 4.
All laws and parts of laws in conflict with this Act are repealed.
## Summaries written by Georgia Commons
The following was written by claude-sonnet-5 from the text above and is not part of the bill. Quote the text, not the summary.
Senate Bill 324 would create a 'Georgia Policyholder Bill of Rights' giving life insurance policyholders new protections, including access to annual policy reports and rules for locating missing beneficiaries.
### Plain-language summary
Currently, Georgia policyholders and their beneficiaries can lose track of life insurance policies, and insurers have limited obligations to search for missing beneficiaries or keep policyholders informed. This bill amends Georgia's life insurance law (O.C.G.A. Chapter 25 of Title 33) to add new consumer protections.
Insurers would have to check a national database at least quarterly for matches to policies and beneficiaries, and act within 30 days if a match is found. The bill also creates a new 'Georgia Policyholder Bill of Rights,' letting policyholders keep their original insurance agent even if the policy is sold to another company, receive annual status reports on their policy, and use a standardized, notarized form to authorize someone else to access their policy documents. The Department of Insurance must publish a plain-language rights statement and the authorization form by January 1, 2027, and insurers must begin annual reporting on beneficiary searches by that date. The law would take effect as soon as the Governor signs it.
### What it does
- Requires insurers to search the National Association of Insurance Commissioners' policy locator system at least quarterly to find matches to policies and beneficiaries.
- Requires insurers to confirm a match, contact the person or beneficiary, and update records within 30 days of finding one.
- Creates a new Code section, the 'Georgia Policyholder Bill of Rights,' guaranteeing policyholders the right to keep their original agent of record even after a policy is sold to another insurer.
- Gives policyholders the right to receive an annual report on their policy's status, even if the policy is fully paid, and to authorize another person to access policy documents through a standardized, notarized form.
- Requires insurers to report annually to the Insurance Commissioner on the results of their beneficiary searches, starting no later than January 1, 2027.
- Directs the Department of Insurance to publish a plain-language rights statement and the authorization form on its website and send them to all licensed life insurers by January 1, 2027.
### Who it affects
Life insurance policyholders who are Georgia residents, their designated beneficiaries, insurance agents who serve as agents of record, life insurance companies operating in Georgia, and the Georgia Department of Insurance, which must publish materials and collect annual reports.
### Why it matters
Policyholders and their families would gain new tools to track policies and keep the same trusted agent even after a company sells the policy, while insurers face new search, disclosure, and reporting duties meant to reduce the chance that life insurance benefits go unclaimed after someone dies.
### Key provisions
- Section 1 adds a new subsection to O.C.G.A. § 33-25-14 requiring insurers to run quarterly searches of the NAIC policy locator system and act on matches within 30 days.
- Section 2 creates O.C.G.A. § 33-25-16, the 'Georgia Policyholder Bill of Rights,' defining 'insurer,' 'policy,' and 'policyholder' for purposes of the new protections.
- Subsection (c) guarantees a policyholder's right to keep their original agent of record even if the policy is sold or transferred to another insurer.
- Subsection (d) creates a standardized, notarized authorization form for sharing policy documents, limited to 12 months and barring the recipient from making policy changes or transfers.
- Subsection (e) guarantees policyholders an annual report on their policy's status, even for fully paid policies.
- Subsection (f) requires insurers to report beneficiary search results to the Commissioner annually starting no later than January 1, 2027.
- Subsection (g) requires the Commissioner to publish a plain-language rights statement and the authorization form by January 1, 2027 and send them to all licensed life insurers.
- Section 3 states the law takes effect upon the Governor's approval or upon becoming law without signature.
## Status
- Status: Engrossed (2026-03-06)
- Last action: House Second Readers (2026-03-10)
- Sponsors: Marty Harbin, Ricky Williams, John Albers, Steve Gooch, Randy Robertson, Mike Hodges, Drew Echols, Max Burns
- Official page: https://www.legis.ga.gov/legislation/71181
> The history, votes, and amendments (639 characters) are at https://georgiacommons.org/bills/2025-2026/sb324.md?full=1