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Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 31. CREDIT LIFE INSURANCE AND CREDIT ACCIDENT AND SICKNESS INSURANCE

33-31-3. Issuance of policies generally.

Active

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

  1. Credit life insurance and credit accident and sickness insurance shall be issued only in the following forms:

  2. (1)

    Individual policies of life insurance issued to debtors on the term plan;#

  3. (2)

    Individual policies of accident and sickness insurance issued to debtors on a term plan or disability provisions in individual policies of credit life insurance;#

  4. (3)

    Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; and#

  5. (4)

    Group policies of accident and sickness insurance issued to creditors on a term plan insuring debtors or disability provisions in group life policies to provide the coverage.#

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.

History

Code 1933, § 56-3303, enacted by Ga. L. 1960, p. 289, § 1.

Read the official page (the state's PDF, opened at the page this text was read from).

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 607 to 608; merge action: carried; file SHA-256 1cdfeaa4b73e.