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73 chapters · 1,492 sections in this title.
O.C.G.A. § 33-59-1 Short title
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This chapter shall be known and may be cited as the ‘‘Life Settlements Act.’’ History. — Code 1981, § 33-59-1, enacted by Ga. L. 2005, p. 998, § 1/SB 217; Ga. L. 2009, p. 370, § 1/SB 61.
O.C.G.A. § 33-59-10 Lender-financed premiums using policy as collateral; disclosures and certifications
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(a) In addition to other questions an insurance carrier may lawfully pose to a life insurance applicant, insurance carriers may inquire in the application for insurance whether the proposed owner intends to pay premiums with the assistance of financing from a lender that will use …
O.C.G.A. § 33-59-11 Required 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 determin
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(a) A provider entering into a life settlement contract, wherein the insured is terminally or chronically ill, shall first obtain: (1) If the owner is the insured, a written statement from a licensed attending physician that the owner is of sound mind and under no constraint or un…
O.C.G.A. § 33-59-12 Determining governing law when multiple owners
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(a) If there is more than one owner on a single policy, and the owners are residents of different states, the life settlement contract shall be governed by the law of the state in which the owner having the largest percentage ownership resides or, if the owners hold equal ownersh…