Whenever the proceeds of or payments under a life or accident and sickness insurance policy or annuity contract become payable in accordance with the terms of the policy or contract or the exercise of any right or privilege under the policy or contract and the insurer makes payment of the proceeds or payments in accordance with the terms of the policy or contract or in accordance with any written assignment of the policy or contract, the person then designated in the policy or contract or by the assignment as being entitled to the proceeds or payments, if legally competent, shall be entitled to receive the proceeds or payments and to give full acquittance for the proceeds or payments and the payments shall fully discharge the insurer from all claims under the policy or contract unless, before payment is made, the insurer has received at its home office written notice by or on behalf of some other person that the other person claims to be entitled to the payment or some interest in the policy or contract.
History. Code 1933, § 56-2424, enacted by Ga. L. 1960, p. 289, § 1.
Law reviews.
For annual survey of insurance law, see 57 Mercer L. Rev. 221 (2005).
For annual survey of insurance law, see 58 Mercer L. Rev. 181 (2006).
For annual survey on insurance law, see 70 Mercer L. Rev. 111 (2018).
Structure Georgia Code
Chapter 24 - Insurance Generally
Article 1 - General Provisions
§ 33-24-2. Applicability of Chapter
§ 33-24-3. Insurable Interest; Personal Insurance
§ 33-24-4. Insurable Interest; Property Insurance
§ 33-24-6.1. Prerequisites for Replacement Life Insurance Exceeding Insurance Being Surrendered
§ 33-24-8. Admissibility in Evidence of Applications in Actions Between Insurer and Insured
§ 33-24-9. Approval or Disapproval of Forms
§ 33-24-10. Grounds for Disapproval of Forms
§ 33-24-10.1. Standard or Uniform Claim Form
§ 33-24-13. Execution of Policies; Use of Facsimile Signatures
§ 33-24-14.1. Electronic Delivery of Plan Documentation
§ 33-24-15. When Policies or Contracts Become Effective
§ 33-24-16. Construction of Policies
§ 33-24-16.1. Clarification of Term “Actual Charge” or “Actual Fee”
§ 33-24-17. Assignment of Policies
§ 33-24-18. Contents of Insurance Policies and Annuity Contracts Generally
§ 33-24-19. Incorporation of Constituent Documents in Policies
§ 33-24-22. Provision in Health Insurance Policies for Coverage of Newly Born or Adopted Children
§ 33-24-28. Termination of Coverage of Dependent Child Upon Attainment of Specified Age
§ 33-24-28.1. Coverage of Treatment of Mental Health or Substance Use Disorders
§ 33-24-28.2. Coverage of Outpatient Surgery
§ 33-24-30. Excluding or Denying Coverage on Basis of Violation of Civil Air Regulations
§ 33-24-30.1. Excluding or Denying Coverage on Basis of Lawful Firearms Possession
§ 33-24-32. Underwriters’ and Combination Policies
§ 33-24-33. Binders and Other Contracts for Temporary Insurance
§ 33-24-35. Withdrawal or Retirement From Group Insurance Plan
§ 33-24-38. Renewal or Extension of Policies by Certificate or Endorsement
§ 33-24-41. Discharge of Insurer by Payment Generally
§ 33-24-41.2. Written Notice by Insurer to Claimant of Payment of Claim in Third-Party Settlement
§ 33-24-42. Payment of Claims in Event of Simultaneous Deaths
§ 33-24-44. Cancellation of Policies Generally
§ 33-24-44.1. Procedure for Cancellation by Insured and Notice
§ 33-24-46. Cancellation or Nonrenewal of Certain Property Insurance Policies
§ 33-24-49. Deposit of Funds Covered by Bonds
§ 33-24-50. Action as Sureties Upon Guaranteed Arrest Bond Certificates; Acceptance of Certificates
§ 33-24-52. Direct Response Insurance Business
§ 33-24-54. Payments to Nonparticipating or Nonpreferred Providers of Health Care Services
§ 33-24-56. Prohibition Against Requiring Referral From Primary Care Physician to Dermatologist
§ 33-24-56.2. Surveillance Tests for Ovarian Cancer
§ 33-24-56.3. Colorectal Cancer Screening and Testing
§ 33-24-56.4. Short Title; Definitions; Payment for Telehealth Services
§ 33-24-58. Newborn Baby and Mother Protection Act; Short Title
§ 33-24-58.1. Newborn Baby and Mother Protection Act; Legislative Findings and Declaration
§ 33-24-59.1. Coverage for Treatment of Dependent Children With Cancer
§ 33-24-59.3. Payments Sent Directly to Health Care Provider by Insurer
§ 33-24-59.6. Prescribed Female Contraceptive Drugs or Devices; Insurance Coverage
§ 33-24-59.9. Registered Nurse First Assistants
§ 33-24-59.10. Coverage for Autism
§ 33-24-59.12. Patient Access to Eye Care
§ 33-24-59.14. Definitions; Prompt Pay Requirements; Penalties
§ 33-24-59.15. Definitions; Dental Insurance
§ 33-24-59.16. Equal Access to Child’s Health Insurance Information; Exceptions
§ 33-24-59.18. Coverage for Treatment of a Terminal Condition
§ 33-24-59.20. Access to Stage Four Advanced, Metastatic Cancer Treatments in Health Benefit Plans
§ 33-24-59.22. Prescription Drug Program Defined; Cost Sharing; Denial of Coverage; Dispensing Fees
§ 33-24-59.23. Carrier Issuing Health Benefit Plans to Pay Insurance Agent’s Commissions; Regulation
§ 33-24-59.26. Limitation on Definition of “Preexisting Condition”
§ 33-24-59.27. Right to Shop for Insurance Coverage; Disclosure of Pricing Information; Notice
§ 33-24-59.28. Insurer Obligations for Early Prescription Refills During Emergencies