---
title: O.C.G.A. § 33-31-1. Definitions.
collection: code
id: 33-31-1
cite_as: O.C.G.A. § 33-31-1 (2025)
canonical_url: https://georgiacommons.org/code/33-31-1
md_url: https://georgiacommons.org/code/33-31-1.md
text_url: https://georgiacommons.org/code/33-31-1/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=606
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/33-31.md
previous: https://georgiacommons.org/code/33-30B-7.md
next: https://georgiacommons.org/code/33-31-2.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 / CREDIT LIFE INSURANCE AND CREDIT ACCIDENT AND SICKNESS INSURANCE
---

# O.C.G.A. § 33-31-1. Definitions.

As used in this chapter, the term:

(1) ‘‘Credit accident and sickness insurance’’ means insurance on a debtor to provide indemnity for payments becoming due on a specific loan or other credit transaction while the debtor is disabled as defined in the policy.

(2) ‘‘Credit life insurance’’ means insurance on the life of a debtor pursuant to or in connection with a specific loan or other credit transaction.

(3) ‘‘Creditor’’ means the lender of money or vendor or lessor of goods, services, property, rights, or privileges for which payment is arranged through a credit transaction or any successor to the right, title, or interest of any such lender, vendor, or lessor and an affiliate, associate, or subsidiary of any of them or any director, officer, or employee of any of them or any other person in any way associated with any of them.

(4) ‘‘Debtor’’ means a borrower of money or a purchaser or lessee of goods, services, property, rights, or privileges for which payment is arranged through a credit transaction.

(5) ‘‘Indebtedness’’ means the total amount payable by a debtor to a creditor in connection with a loan or other credit transaction.

## History

Code 1933, § 56-3302, enacted by Ga. L. 1960, p. 289, § 1.

## Cross References

Definition of accident and sickness insurance, § 33-7-2. Definition of life insurance, § 33-7-4.

## Law Reviews

For survey article on insurance law for the period from June 1, 2002 through May 31, 2003, see 55 Mercer L. Rev. 277 (2003).