Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 30B. SPENDING ACCOUNT AND CONSUMER DRIVEN HEALTH PLAN ADVANCEMENT

33-30B-6. Requirements for insurance contract.

Active

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

The insurance contract providing reimbursements for expenditures for health care services incurred by the plan may be a stop-loss, specific excess and aggregate, or other similar contract. It may be written by an insurer licensed for life, accident, and sickness insurance under Code Section 33-7-2 or by an insurer licensed for casualty insurance under Code Section 33-7-3. In either case, the contract shall be in the name of the plan as the contract holder and shall contain at least the following:
(1)
The attachment point after which the payments by the insurer will be made;#
(2)
The amounts for allowable spending accounts;#
(3)
An attachment containing the plan document;#
(4)
A conspicuous disclosure on the first page of the contract that it is not a policy of accident and sickness insurance; and#
(5)
All other relevant terms and conditions.#

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 1981, § 33-30B-6, enacted by Ga. L. 2003, p. 912, § 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, page 604; merge action: carried; file SHA-256 1cdfeaa4b73e.