Section 33-31-3. Issuance of policies generally

Latest version.

   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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