SB504: SB504 Commissioner of Insurance; lobbying restrictions within five years after leaving office; provide

26 LC 65 0049 Senate Bill 504 By: Senators Parkes of the 7th, Orrock of the 36th, Mangham of the 55th, Harbison of the 15th, Mallow of the 2nd and others A BILL TO BE ENTITLED AN ACT To amend Chapter 2 of Title 33 of the Official Code of Georgia Annotated, relating to1 department and Commissioner, so as to provide for certain lobby ing restrictions on the2 Commissioner of Insurance within five years after leaving office; to provide for a definition;3 to provide for a penalty; to provide for related matters; to re peal conflicting laws; and for4 other purposes.5 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:6 SECTION 1.7 Chapter 2 of Title 33 of the Official Code of Georgia Annotated, relating to department and8 Commissioner, is amended by adding a new Code section to read as follows:9 "33-2-35.10 (a) As used in this Code section, the term 'insurance industry' means any entity regulated11 by the Commissioner, including, but not limited to, an entity whose paid lobbying activities12 are directed at the Commissioner or pertain to matters within the regulatory authority of the13 department during the Commissioner's tenure.14 S. B. 504 - 1 - 26 LC 65 0049 (b) Any individual who has served as Commissioner shall be prohibited from registering15 as a lobbyist or engaging in lobbying in the insurance industry for a period of five years16 after leaving such office.17 (c) Any individual who is found to have violated this Code sec tion shall be subject to a18 civil penalty not to exceed $10,000.00 per insurance industry e ntity for which he or she19 lobbied."20 SECTION 2.21 All laws and parts of laws in conflict with this Act are repealed.22 S. B. 504 - 2 -