Georgia Code
Chapter 59 - Life Settlements
§ 33-59-16. Fraudulent Life Settlement Acts Prohibited; Criminal and Civil Penalties; Revocation of License

History. Code 1981, § 33-59-16 , enacted by Ga. L. 2009, p. 370, § 1/SB 61.
Editor’s notes.
Former Code Section 33-59-16 (Code 1981, § 33-59-16 , enacted by Ga. L. 2005, p. 998, § 1/SB 217; Ga. L. 2008, p. 381, § 10/SB 358), relating to compliance with security laws, was repealed by Ga. L. 2009, p. 370, § 1/SB 61, effective July 1, 2009.

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Structure Georgia Code

Georgia Code

Title 33 - Insurance

Chapter 59 - Life Settlements

§ 33-59-1. Short Title

§ 33-59-2. Definitions

§ 33-59-3. License Requirements; Representation of Producers; Exceptions; Application and Renewal; Fees; Licenses for Legal Entities; Investigations; Nonresident Applicants; Required Information From Provider; Continued Training Requirements

§ 33-59-4. Suspension, Revocation, or Refusal to Renew Licenses; Grounds; Hearing Required

§ 33-59-5. Filing of Contracts and Disclosure Statements With the Commissioner; Approval or Disapproval

§ 33-59-6. Filing of Annual Statement With the Commissioner; Confidential Information

§ 33-59-7. Examination of Licensees and Businesses; Record Retention Requirements; Examination Reports; Orders; Hearings; Confidentiality of Examination Information; Conflict of Interest; Immunity; Investigative Authority of the Commissioner

§ 33-59-8. Advertising

§ 33-59-9. Required Written Disclosures; Consequence for Failure to Provide

§ 33-59-10. Lender-Financed Premiums Using Policy as Collateral; Disclosures and Certifications

§ 33-59-11. Required Documents and Information; Confidentiality; Seller’s Right to Rescind; Escrow Proceedings; Failure to Tender Consideration; Limitation on Contracts With the Insured for the Purpose of Determining the Insured’s Health Status

§ 33-59-12. Determining Governing Law When Multiple Owners

§ 33-59-13. Unlawful Activities Deemed Fraudulent Life Settlement Act

§ 33-59-14. Violations; Required Statement; Reporting of Fraudulent Acts to the Commissioner; Immunity for Providing Information Concerning Fraudulent Acts; Confidentiality of Documents and Evidence; Mandatory Adoption of Antifraud Initiatives by Pro...

§ 33-59-15. Remedies and Penalties for Violations; Procedural Issues

§ 33-59-16. Fraudulent Life Settlement Acts Prohibited; Criminal and Civil Penalties; Revocation of License

§ 33-59-17. Unfair Trade Practice