Georgia CommonsTitle 33. INSURANCE · Chapter 24. INSURANCE GENERALLY · Article 1. GENERAL PROVISIONS
33-24-1. Definitions.
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
As used in this chapter, the term:
- (1)
‘‘Policy’’ means the written contract of or written agreement for or effecting insurance. The term includes all clauses, riders, endorsements, and papers attached or issued and delivered for attachment to the contract or agreement and made a part of the contract or agreement.#
- (2)
‘‘Premium’’ means the consideration for insurance, by whatever name called. Any assessment or any membership, policy, survey, inspection, service, or similar fee or charge in consideration for an insurance contract is deemed part of the premium. The term ‘‘premium’’ shall not include any amount deposited and held for the account of the insured which is returnable upon cancellation of the insurance contract and upon which no commission has been paid.#
- (3)
‘‘Uniform Electronic Transactions Act’’ means Chapter 12 of Title 10.#
History
Code 1933, §§ 56-2402, 56-2403, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1995, p. 1011, § 3; Ga. L. 2014, p. 829, § 3/HB 645.
Code Commission notes
Pursuant to Code Section 28-9-5, in 1995, the comma was deleted after the word ‘‘assessment’’ in the second sentence in paragraph (2).
Cross references
‘‘Direct response insurance business’’ defined, § 33-24-52.
Read the official page (the state's PDF, opened at the page this text was read from).
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
Text read from t33-ch23-65-(v25)-2020-pdf.pdf, Volume V25, 2020 edition, pages 113 to 114; merge action: carried; file SHA-256 1cdfeaa4b73e.
Ask about this section
The answer is drawn from this section and, when they fit, the other sections of its chapter. It quotes the text and names the section for each claim. Not legal advice.