2025 Code of Georgia
Title 33 - Insurance (Chs. 1 — 66)
Chapter 31 - Credit Life Insurance and Credit Accident and Sickness Insurance (§§ 33-31-1 — 33-31-12)
Annotations
JUDICIAL DECISIONS
Intent of chapter. —This chapter evidences an intent that insured debtor have an interest in credit life insurance taken out on the insured’s life. Betts v. Brown, 219 Ga. 782, 136 S. E.2d 365, 1964 Ga. LEXIS 407 (1964).
This chapter was passed for benefit of insured borrower, who pays premium for policy, as well as the creditor who makes the loan or extends the credit and the original creditor’s successors. Universal Am. Life Ins. Co. v. Finance Corp. of Am., 118 Ga. App. 160, 162 S. E.2d 813, 1968 Ga. App. LEXIS 920 (1968).
Research References & Practice Aids
Cross references.Definition of accident and sickness insurance, § 33-7-2.
Definition of casualty insurance as including credit insurance, § 33-7-3(8).
Definition of life insurance, § 33-7-4.
Life insurance generally, T. 33, C. 25.
Individual accident and sickness insurance, T. 33, C. 29.
Administrative rules and regulations.Credit life, accident and sickness insurance, Official Compilation of the Rules and Regulations of the State of Georgia, Comptroller General, Insurance Department, Subjects 120-2-13, 120-2-27.
Law reviews.For article surveying recent legislative and judicial developments regarding Georgia’s insurance laws, see 31 Mercer L. Rev. 117 (1979).
For note, “Paying the Piper: Third-party Payor Liability for Medical Treatment Decisions,” see 25 Ga. L. Rev. 861 (1991).
RESEARCH REFERENCES ALR.Insurance: illustrations concerning accumulations, dividends, surplus, etc., 22 A. L. R. 1284; 127 A. L. R. 1464.
Failure of creditor, or creditor’s assignee, to secure credit insurance as affecting rights or liabilities of debtor, upon debtor’s loss, 88 A. L. R.3d 794.
Hierarchy Notes:O. C. G. A. Title 33
- § 33-31-1. Definitions
- § 33-31-2. Applicability of chapter
- § 33-31-3. Issuance of policies generally
- § 33-31-4. Amount of insurance
- § 33-31-5. Date insurance becomes effective; duration and termination of insurance
- § 33-31-6. Requirements as to issuance or delivery of policies generally
- § 33-31-7. Issuance of policy or certificate of insurance; contents; delivery of policy or certificate to debtor; requirements as to provisions of policies
- § 33-31-8. Filing of forms with Commissioner; approval or disapproval
- § 33-31-9. Premiums; refunds and credits
- § 33-31-10. Filing and settlement of claims generally; manner of payment of claims
- § 33-31-11. Right of debtor to furnish insurance
- § 33-31-12. [Effective until January 1, 2027] Promulgation of rules and regulations; enforcement of provisions; penalties for violations
- § 33-31-12. [Effective January 1, 2027] Promulgation of rules and regulations; enforcement of provisions; penalties for violations
