Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 7. KINDS OF INSURANCE; LIMITS OF RISKS; REINSURANCE

33-7-4. Life insurance.

Active

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

Life insurance is insurance on human lives and insurance appertaining to or connected with human lives. The transacting of life insurance includes the granting of endowment benefits, additional benefits in the event of death or dismemberment by accident or accidental means, additional benefits in the event of the disability of the insured, and optional modes of settlement of proceeds of life insurance. An insurer authorized to transact life insurance may also grant annuities.

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, § 56-402, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1982, p. 3, § 33.

Cross references

Persons deemed subject to laws regulating life insurance companies, § 33-7-10. Offering of life insurance by fraternal benefit societies, § 33-15-60. Life insurance generally, T. 33, C. 25. Industrial life insurance, T. 33, C. 26. Group or blanket life insurance, T. 33, C. 27. Annuity and pure endowment contracts, T. 33, C. 28. Credit life insurance, T. 33, C. 31.

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-ch1-22-(v24)-2020-pdf.pdf, Volume V24, 2020 edition, page 279; merge action: carried; file SHA-256 4ecec175d949.