---
title: O.C.G.A. § 33-38-1. Purpose.
collection: code
id: 33-38-1
cite_as: O.C.G.A. § 33-38-1 (2025)
canonical_url: https://georgiacommons.org/code/33-38-1
md_url: https://georgiacommons.org/code/33-38-1.md
text_url: https://georgiacommons.org/code/33-38-1/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=784
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/33-38.md
previous: https://georgiacommons.org/code/33-37-58.md
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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 / GEORGIA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION
---

# O.C.G.A. § 33-38-1. Purpose.

The purpose of this chapter is to protect the persons specified in subsection (b) of Code Section 33-38-2, subject to certain limitations, against failure in the performance of contractual obligations, under life, health, and annuity policies, plans, or contracts specified in subsection (a) of Code Section 33-38-2, due to the impairment or insolvency of the member insurer issuing such policies, plans, or contracts. To provide this protection: (1) an association of member insurers is created to enable the guaranty of payment of benefits and continuation of coverages as limited by this chapter; (2) members of the association are subject to assessment to provide funds to carry out the purpose of this chapter; and (3) the association is authorized to assist the Commissioner, in the prescribed manner, in the detection and prevention of insurer impairments or insolvencies.

## History

Code 1933, § 56-2201, enacted by Ga. L. 1981, p. 1336, § 1; Ga. L. 2012, p. 701, § 1/HB 786; Ga. L. 2020, p. 113, § 1/HB 1050.

The 2020 amendment, effective July 1, 2020, in the first sentence, substituted ‘‘life, health, and annuity policies, plans or contracts’’ for ‘‘life and health insurance policies and annuity contracts’’ near the beginning, and inserted ‘‘member’’, and ‘‘, plans,’’ at the end; and, in the second sentence, inserted ‘‘member’’, substituted a colon for a comma, and substituted semicolons for commas twice.

## Editor's Notes

Ga. L. 2020, p. 113, § 1/HB 1050, which amended this Code section, purported to amend Code Section 33-8-1 but actually amended Code Section 33-38-1.

## Law Reviews

For article surveying developments in Georgia insurance law from mid-1980 through mid-1981, see 33 Mercer L. Rev. 143 (1981).