33-25-6. When issuance of participating and nonparticipating policies permissible.

Active

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

A life insurer may issue both participating and nonparticipating policies only if the right or absence of right to participate is reasonably related to the premium charged.

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.

Code 1933, § 56-1521, enacted by Ga. L. 1960, p. 289, § 1.

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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 443 to 444; merge action: carried; file SHA-256 1cdfeaa4b73e.