Georgia CommonsChapter 59. LIFE SETTLEMENTS
18 sections · 33-59-1 to 33-59-18
- 33-59-1Short title.
- 33-59-2Definitions.
- 33-59-3License requirements; representation of producers; exceptions; application and renewal; fees; licenses for legal entities; investigations; nonresident applicants; required information from provider; continued training requirements.
- 33-59-4Suspension, revocation, or refusal to renew licenses; grounds; hearing required.
- 33-59-5Filing of contracts and disclosure statements with the Commissioner; approval or disapproval.
- 33-59-6Filing of annual statement with the Commissioner; confidential information.
- 33-59-7Examination of licensees and businesses; record retention requirements; examination reports; orders; hearings; confidentiality of examination information; conflict of interest; immunity; investigative authority of the Commissioner.
- 33-59-8Advertising.
- 33-59-9Required written disclosures; consequence for failure to provide.
- 33-59-10Lender-financed premiums using policy as collateral; disclosures and certifications.
- 33-59-11Required documents and information; confidentiality; seller’s right to rescind; escrow proceedings; failure to tender consideration; limitation on contracts with the insured for the purpose of determining the insured’s health status.
- 33-59-12Determining governing law when multiple owners.
- 33-59-13Unlawful activities deemed fraudulent life settlement act.
- 33-59-14Violations; required statement; reporting of fraudulent acts to the Commissioner; immunity for providing information concerning fraudulent acts; confidentiality of documents and evidence; mandatory adoption of antifraud initiatives by providers.
- 33-59-15Remedies and penalties for violations; procedural issues.
- 33-59-16Fraudulent life settlement acts prohibited; criminal and civil penalties; revocation of license.
- 33-59-17Unfair trade practice.
- 33-59-18Transacting business permitted while the provider’s license application is pending.