Each insurer admitted to transact life insurance in this state shall pay interest on proceeds or payments under any policy of group life insurance payable to a beneficiary residing in this state, to a beneficiary under a policy issued in this state, or to a beneficiary under a policy insuring a person resident in this state at the time of death, in accordance with Code Section 33-25-10.
(Code 1933, § 56-2503.1, enacted by Ga. L. 1978, p. 2297, § 1.)
RESEARCH REFERENCES
ALR.
- Who are "blood relatives" within statute or rules as to beneficiaries of insurance in mutual benefit societies, 10 A.L.R. 864.
Liability of insurer for damages resulting from delay in passing upon an application for life insurance, 1 A.L.R.4th 1202.