Title 33 — Title 33
0 chapters · 1,218 sections in this title.
O.C.G.A. § 33-31-1 Definitions
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As used in this chapter, the term: (1) ‘‘Credit accident and sickness insurance’’ means insurance on a debtor to provide indemnity for payments becoming due on a specific loan or other credit transaction while the debtor is disabled as defined in the policy. (2) ‘‘Credit life insur…
O.C.G.A. § 33-31-10 Termination, §33-31-5
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CREDIT LIFE AND ACCIDENT AND SICKNESS INSURANCE, §§33-31-1 to 33-31-12. CREDIT REPORTS. Consumer reporting agencies. Insurance information disclosures, §33-24-97. Health insurance.
O.C.G.A. § 33-31-11 Right of debtor to furnish insurance
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When credit life insurance or credit accident and sickness insurance is required as additional security for any indebtedness, the debtor, upon written request to the creditor, shall have the option of furnishing the required amount of insurance through existing policies of insura…
O.C.G.A. § 33-31-12 Health insurance
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Health care plans. Imposition of administrative fine for certain acts, §33-20-27. Motor vehicle insurance. Affidavit that insured’s motor vehicle is stolen. False statements, §33-1-15. Insurance companies. Administrative fines for certain acts of officers, employees, agents, etc., …
O.C.G.A. § 33-31-2 Applicability of chapter
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(a) Except as provided otherwise in subsection (c) of this Code section, all life insurance and all accident and sickness insurance sold in connection with loans or other credit transactions pursuant to a plan covering all debtors of a creditor or a class or classes of debtors sh…
O.C.G.A. § 33-31-3 Issuance of policies generally
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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; 591 33-31-4 (2) Individual policies of accident and sickness insurance issued to debtors on …
O.C.G.A. § 33-31-4 Amount of insurance
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(a) The amount of credit life insurance shall not exceed the indebtedness. Where indebtedness repayable in substantially equal installments is secured by an individual policy of credit life insurance, the amount of insurance shall not exceed the approximate unpaid indebtedness on…
O.C.G.A. § 33-31-5 Date insurance becomes effective; duration and termination of insurance
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The term of any credit life insurance or credit accident and sickness insurance shall commence, subject to acceptance by the insurer, on the date when the debtor becomes obligated to the creditor, except that, where a group policy provides coverage with respect to existing obliga…
O.C.G.A. § 33-31-7 Definitions
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Applicability of chapter. Issuance of policies generally. Amount of insurance. Date insurance becomes effective; duration and termination of insurance. Requirements as to issuance or delivery of policies generally. Issuance of policy or certificate of insurance; contents; delivery…
O.C.G.A. § 33-31-8 Filing of forms with Commissioner; approval or disapproval
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All forms, including policies, certificates of insurance, notices of proposed insurance, applications for insurance, binders, endorsements, and riders, together with the schedule of premiums therefor and the applicable maximum identifiable charges to debtors shall be filed with the …
O.C.G.A. § 33-31-9 Premiums; refunds and credits
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(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 of premium rates from time to time and shall file such revised schedules with the Commissioner. Premiums charged by an insurer shall be de…