Georgia Code, Title 33, Chapter 31 - Credit Life Insurance and Credit Accident and Sickness Insurance

• § 33-31-1 - Definitions
  As used in this chapter, the term: (1) "Credit accident and sickness insurance" means insurance on a debtor to provide indemnity for payments becoming...
• § 33-31-2 - Applicability of Chapter
  (a) Except as provided otherwise in subsection (c) of this Code section, all life insurance and all accident and sickness insurance sold in connection...
• § 33-31-3 - Issuance of Policies Generally
  Credit life insurance and credit accident and sickness insurance shall be issued only in the following forms: (1) Individual policies of life insurance issued...
• § 33-31-4 - Amount of Insurance
  (a) The amount of credit life insurance shall not exceed the indebtedness. Where indebtedness repayable in substantially equal installments is secured by an individual...
• § 33-31-5 - Date Insurance Becomes Effective; Duration and Termination of Insurance
  The term of any credit life insurance or credit accident and sickness insurance shall commence, subject to acceptance by the insurer, on the date...
• § 33-31-6 - Requirements As to Issuance or Delivery of Policies Generally
  All policies of credit life insurance and credit accident and sickness insurance shall be delivered or issued for delivery in this state only by...
• § 33-31-7 - Issuance of Policy or Certificate of Insurance; Contents; Delivery of Policy or Certificate to Debtor; Requirements As to Provisions of Policies
  (a) All credit life insurance and credit accident and sickness insurance sold shall be evidenced by an individual policy or, in the case of...
• § 33-31-8 - Filing of Forms With Commissioner; Approval or Disapproval
  All forms, including policies, certificates of insurance, notices of proposed insurance, applications for insurance, binders, endorsements, and riders, together with the schedule of premiums...
• § 33-31-9 - Premiums; Refunds and Credits
  (a) Any insurer, subject to the power of the Commissioner to disapprove the form as provided in Code Section 33-31-8, may revise its schedules...
• § 33-31-10 - Filing and Settlement of Claims Generally; Manner of Payment of Claims
  (a) All claims shall be promptly reported to the insurer or its designated claim representative and the insurer shall maintain adequate claim files. All...
• § 33-31-11 - Right of Debtor to Furnish Insurance
  When credit life insurance or credit accident and sickness insurance is required as additional security for any indebtedness, the debtor, upon written request to...
• § 33-31-12 - Promulgation of Rules and Regulations; Enforcement of Provisions; Penalties for Violations
  (a) The Commissioner after notice and hearing may issue such rules and regulations as he deems appropriate for the supervision of this chapter, including...

Last modified: October 14, 2016