A life insurer may issue both participating and nonparticipating policies only if the right or absence of right to participate is reasonably related to the premium charged.
History. Code 1933, § 56-1521, enacted by Ga. L. 1960, p. 289, § 1.
Structure Georgia Code
§ 33-25-1. “Contract of Life Insurance” Defined
§ 33-25-3. Required Policy Provisions Generally
§ 33-25-4. Required Nonforfeiture Provisions
§ 33-25-5. Inclusion of Provisions Excluding or Restricting Liability for Death
§ 33-25-6. When Issuance of Participating and Nonparticipating Policies Permissible
§ 33-25-7. Effect of Incontestable Clause
§ 33-25-10. Payment of Interest on Proceeds or Payments Under Policies
§ 33-25-12. Contesting of Policy After Reinstatement
§ 33-25-14. Unclaimed Life Insurance Benefits; Purpose; Definitions; Insurer Conduct