---
title: O.C.G.A. § 33-24-43. Medium of payment.
collection: code
id: 33-24-43
cite_as: O.C.G.A. § 33-24-43 (2025)
canonical_url: https://georgiacommons.org/code/33-24-43
md_url: https://georgiacommons.org/code/33-24-43.md
text_url: https://georgiacommons.org/code/33-24-43/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t33-ch23-65-(v25)-2020-pdf.pdf?sfvrsn=68297_0#page=261
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/33-24.md
previous: https://georgiacommons.org/code/33-24-42.md
next: https://georgiacommons.org/code/33-24-44.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: INSURANCE / INSURANCE GENERALLY / GENERAL PROVISIONS
---

# O.C.G.A. § 33-24-43. Medium of payment.

It shall be unlawful for any insurer to provide in a policy or contract of insurance that the face amount thereof or any loss or indemnity which may accrue thereunder shall be payable in anything other than legal tender of the United States to the beneficiary named in the policy or contract of insurance or to the legal representative of the insured; and any provision to the contrary shall be null and void, provided that this Code section shall not prevent property insurance policies from including an option to the insurer authorizing it to repair the damage incurred or paying the debtor the dollar amount thereof.

## History

Code 1933, § 56-9901, enacted by Ga. L. 1960, p. 289, § 1.