Issuance of Policies Generally
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Law
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Georgia Code
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Insurance
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Credit Life Insurance and Credit Accident and Sickness Insurance
- Issuance of Policies Generally
Credit life insurance and credit accident and sickness insurance shall be issued only in the following forms:
- Individual policies of life insurance issued to debtors on the term plan;
- Individual policies of accident and sickness insurance issued to debtors on a term plan or disability provisions in individual policies of credit life insurance;
- Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; and
- 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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