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;
  2. Individual policies of accident and sickness insurance issued to debtors on a term plan or disability provisions in individual policies of credit life insurance;
  3. Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; and
  4. Group policies of accident and sickness insurance issued to creditors on a term plan insuring debtors or disability provisions in group life policies to provide the coverage.

(Code 1933, § 56-3303, enacted by Ga. L. 1960, p. 289, § 1.)


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