Georgia Code
Chapter 38 - Georgia Life and Health Insurance Guaranty Association
§ 33-38-7. Powers and Duties of the Association Generally

(II) Assure payment of the contractual obligations of the insolvent insurer; and
(II) Alternative policies or contracts shall contain at least the minimum statutory provisions required in this state and provide benefits that shall not be unreasonable in relation to the premium charged. The association shall set the premium in accordance with a table of rates that it shall adopt. The premium shall reflect the amount of insurance to be provided and the age and class of risk of each insured, but shall not reflect any changes in the health of the insured after the original policy was last underwritten.
(III) Any alternative policy or contract issued by the association shall provide coverage of a type similar to that of the policy or contract issued by the impaired or insolvent insurer, as determined by the association;
History. Code 1933, § 56-2206, enacted by Ga. L. 1981, p. 1336, § 1; Ga. L. 1982, p. 3, § 33; Ga. L. 1988, p. 1900, § 4; Ga. L. 1993, p. 491, § 3; Ga. L. 2012, p. 701, § 1/HB 786; Ga. L. 2019, p. 386, § 143/SB 133; Ga. L. 2020, p. 113, § 6/HB 1050.
The 2019 amendment, effective July 1, 2019, substituted “this Code section” for “Code Section 33-38-7” near the beginning of paragraph (a)(13); and substituted “on or after July 1, 2012” for “after the effective date of this Code section” at the end of subsection (b).
The 2020 amendment, effective July 1, 2020, rewrote subsection (a) and, in subsection (b), substituted “Georgia Life and Health Insurance Guaranty Association” for “guaranty association” near the middle and substituted “July 1, 2020” for “July 1, 2012” at the end.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1988, a period was substituted for a semicolon at the end of subparagraph (8)(A) (now (11)(A)).
Law reviews.
For note on 1993 amendment of this Code section, see 100 Ga. St. U.L. Rev. 152 (1993).

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