Duty to keep data for actuarial valuations

The department shall keep in convenient form such data as shall be necessary for actuarial valuations of the funds maintained by the department and for checking the experience of its contracts. (Ga. L. 1963, p. 521, § 6.) 637 47-19-9 47-19-7. Contracts with the Employees’ Retirement System of Georgia for insurance coverage. The State Employees’ Assurance Department may contract with the Employees’ Retirement System of Georgia to provide group term life insurance for such persons as may be otherwise eligible for such coverage under Chapter 2 of this title. The benefit payments to be paid by reason of the death of an insured shall be made to his beneficiary or to his estate and not to the employer. (Ga. L. 1963, p. 521, § 8.) 47-19-8. Institution of actions on contracts; filing of written claim as condition precedent. Any person who has a claim under any contract entered into by this department may bring an action on such contract in the superior court of the plaintiff’s residence. However, as a condition precedent to the filing of the action, the claimant must file with the board of directors a claim in writing outlining his contentions and claim in detail; and no action may be filed on such claim until the claim has been decided adversely to the claimant or until the expiration of 60 days, whichever is earlier. (Ga. L. 1963, p. 521, § 9.)