---
title: O.C.G.A. § 33-31-2. Applicability of chapter.
collection: code
id: 33-31-2
cite_as: O.C.G.A. § 33-31-2 (2025)
canonical_url: https://georgiacommons.org/code/33-31-2
md_url: https://georgiacommons.org/code/33-31-2.md
text_url: https://georgiacommons.org/code/33-31-2/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=607
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/33-31-1.md
next: https://georgiacommons.org/code/33-31-3.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. § 33-31-2. Applicability of chapter.

(a) Except as provided otherwise in subsection (c) of this Code section, all life insurance and all accident and sickness insurance sold in connection with loans or other credit transactions pursuant to a plan covering all debtors of a creditor or a class or classes of debtors shall be subject to this chapter, except such insurance sold in connection with a loan or other credit transaction of five years’ duration or more.

(b) Nothing in this chapter is intended to prohibit or discourage reasonable competition.

(c) All life insurance and all accident and sickness insurance sold in connection with loans or other credit transactions pursuant to a plan covering all debtors of a creditor or a class or classes of debtors shall be subject to this chapter, except such insurance sold in connection with a loan or other credit transaction of more than ten years’ duration.

## History

Code 1933, § 56-3301, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1991, p. 1092, § 1; Ga. L. 2019, p. 386, § 106/SB 133.

The 2019 amendment, effective July 1, 2019, deleted ‘‘on and after July 1, 1991,’’ following ‘‘insurance sold’’ in two places in subsection (c).