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2025 Code of Georgia
Title 33 - Insurance (Chs. 1 — 66)
Chapter 59 - Life Settlements (§§ 33-59-1 — 33-59-18)
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Notes
Code Commission notes.Pursuant to Code Section 28-9-5, in 2005, Code Sections 33-59-1 through 33-59-6, as enacted by Ga. L. 2005, p. 1229, § 1, were redesignated as Code Sections 33-60-1 through 33-60-6.
Editor’s notes.Ga. L. 2005, p. 998, § 2/SB 217, not codified by the General Assembly, provides for severability.
Research References & Practice Aids
Hierarchy Notes:O. C. G. A. Title 33
Universal Citation:
O.C.G.A. Title 33, Ch. 59
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- § 33-59-1. Short title
- § 33-59-2. Definitions
- § 33-59-3. License requirements; representation of producers; exceptions; application and renewal; fees; licenses for legal entities; investigations; nonresident applicants; required information from provider; continued training requirements
- § 33-59-4. Suspension, revocation, or refusal to renew licenses; grounds; hearing required
- § 33-59-5. Filing of contracts and disclosure statements with the Commissioner; approval or disapproval
- § 33-59-6. [Effective until January 1, 2027] Filing of annual statement with the Commissioner; confidential information
- § 33-59-6. [Effective January 1, 2027] Filing of annual statement with the Commissioner; confidential information
- § 33-59-7. Examination of licensees and businesses; record retention requirements; examination reports; orders; hearings; confidentiality of examination information; conflict of interest; immunity; investigative authority of the Commissioner
- § 33-59-8. Advertising
- § 33-59-9. Required written disclosures; consequence for failure to provide
- § 33-59-10. Lender-financed premiums using policy as collateral; disclosures and certifications
- § 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 determining the insured’s health status
- § 33-59-12. Determining governing law when multiple owners
- § 33-59-13. Unlawful activities deemed fraudulent life settlement act
- § 33-59-14. Violations; required statement; reporting of fraudulent acts to the Commissioner; immunity for providing information concerning fraudulent acts; confidentiality of documents and evidence; mandatory adoption of antifraud initiatives by providers
- § 33-59-15. Remedies and penalties for violations; procedural issues
- § 33-59-16. [Effective until January 1, 2027] Fraudulent life settlement acts prohibited; criminal and civil penalties; revocation of license
- § 33-59-16. [Effective January 1, 2027] Fraudulent life settlement acts prohibited; criminal and civil penalties; revocation of license
- § 33-59-17. Unfair trade practice
- § 33-59-18. [Repealed] Transacting business permitted while the provider’s license application is pending
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