Georgia § 33-31-3 Issuance of policies generally

Georgia Statutes

§ 33-31-3 — Issuance of policies generally

Georgia § 33-31-3

Title33

This text of Georgia § 33-31-3 (Issuance of policies generally) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 33-31-3 (2026).

Text

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

(1)Individual policies of life insurance issued to debtors on the term plan;

(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;

(3)Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; and (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.

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Credit life insurance and credit accident and sickness insurance shall be issued only in the following forms: (1) Individual policies of life insurance issued to debtors on the term plan; (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; (3) Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; and (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.