When credit life insurance or credit accident and sickness insurance is required as additional security for any indebtedness, the debtor, upon written request to the creditor, shall have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by him or of procuring and furnishing the required coverage through any insurer authorized to transact an insurance business within this state.
History. Code 1933, § 56-3311, enacted by Ga. L. 1960, p. 289, § 1.
Structure Georgia Code
Chapter 31 - Credit Life Insurance and Credit Accident and Sickness Insurance
§ 33-31-2. Applicability of Chapter
§ 33-31-3. Issuance of Policies Generally
§ 33-31-4. Amount of Insurance
§ 33-31-5. Date Insurance Becomes Effective; Duration and Termination of Insurance
§ 33-31-6. Requirements as to Issuance or Delivery of Policies Generally
§ 33-31-8. Filing of Forms With Commissioner; Approval or Disapproval
§ 33-31-9. Premiums; Refunds and Credits
§ 33-31-10. Filing and Settlement of Claims Generally; Manner of Payment of Claims