Each insurer admitted to transact life insurance in this state shall pay interest on proceeds or payments under any policy of group life insurance payable to a beneficiary residing in this state, to a beneficiary under a policy issued in this state, or to a beneficiary under a policy insuring a person resident in this state at the time of death, in accordance with Code Section 33-25-10.
History. Code 1933, § 56-2503.1, enacted by Ga. L. 1978, p. 2297, § 1.
Structure Georgia Code
Chapter 27 - Group Life Insurance
§ 33-27-1. Group Requirements Generally
§ 33-27-2. Extension of Policy Coverage to Dependents of Employees or Members
§ 33-27-3. Required Policy Provisions
§ 33-27-4. Payment of Interest on Proceeds or Payments Under Policies of Group Life Insurance
§ 33-27-6. Assignment of Incidents of Ownership in Group Life Insurance Policies