Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 24. INSURANCE GENERALLY · Article 1. GENERAL PROVISIONS

33-24-31. Provision in group disability income policies for offsetting of increased social security benefits.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

No group disability income policy which integrates benefits shall provide that the amount of any disability benefit actually being paid to the disabled person shall be reduced by changes in the level of social security benefits resulting either from changes in the federal Social Security Act or due to cost-of-living adjustments provided in the federal Social Security Act, which become effective after the first day for which disability benefits become payable.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1933, § 56-2444, enacted by Ga. L. 1979, p. 1289, § 1; Ga. L. 1982, p. 3, § 33; Ga. L. 2019, p. 386, § 46/SB 133. The 2019 amendment, effective July 1, 2019, deleted the subsection (a) designation; and deleted former subsection (b), which read: ‘‘This Code section shall apply to all group disability income policies delivered or issued for delivery in this state on or after July 1, 1979.’’

Cross references

Contents of group or blanket accident and sickness insurance, T. 33, C. 30.

Other notes

U.S. Code.: The federal Social Security Act, referred to in this Code section, is codified as 42 U.S.C. § 301 et seq.

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, page 240; merge action: carried; file SHA-256 1cdfeaa4b73e.