---
title: O.C.G.A. § 33-27-6. Assignment of incidents of ownership in group life insurance policies.
collection: code
id: 33-27-6
cite_as: O.C.G.A. § 33-27-6 (2025)
canonical_url: https://georgiacommons.org/code/33-27-6
md_url: https://georgiacommons.org/code/33-27-6.md
text_url: https://georgiacommons.org/code/33-27-6/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=485
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.
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version: the only printed version
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current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: INSURANCE / GROUP LIFE INSURANCE
---

# O.C.G.A. § 33-27-6. Assignment of incidents of ownership in group life insurance policies.

Nothing in this title or in any other law shall be construed to prohibit any person insured under a group life insurance policy from making an assignment of all or any part of his or her incidents of ownership under the policy, including, but not limited to, the privilege to have issued to him or her an individual policy of life insurance pursuant and subject to paragraphs (8) and (9) of subsection (a) of Code Section 33-27-3 and Code Section 33-27-5 and the right to name a beneficiary. Subject to the terms of the policy or agreement between the insured, the group policyholder and the insurer relating to assignment of incidents of ownership under the policy, an assignment made by an insured is valid for the purpose of vesting in the assignee, in accordance with any provisions included in the policy as to the time at which it is to be effective, all of the incidents of ownership so assigned without prejudice to the insurer on account of any payment it may make or individual policy it may issue in accordance with paragraphs (8) and (9) of subsection (a) of Code Section 33-27-3 prior to receipt of notice of the assignment.

## History

Code 1933, § 56-2707, enacted by Ga. L. 1969, p. 32, § 1; Ga. L. 2019, p. 386, § 82/SB 133.

The 2019 amendment, effective July 1, 2019, in the first sentence, inserted ‘‘or her’’ in two places, inserted a comma following ‘‘including’’ and ‘‘but not limited to’’, and substituted ‘‘an assignment made by an insured is valid’’ for ‘‘an assignment by an insured made either before or after July 1, 1969, is valid’’ in the middle of the second sentence.