Georgia Code
Chapter 59 - Life Settlements
§ 33-59-9. Required Written Disclosures; Consequence for Failure to Provide

All medical, financial, or personal information solicited or obtained by a provider or life settlement broker about an insured, including the insured’s identity or the identity of family members, a spouse, or a significant other, may be disclosed as necessary to effect the life settlement contract between the owner and provider. If you are asked to provide this information, you will be asked to consent to the disclosure. The information may be provided to someone who buys the policy or provides funds for the purchase. You may be asked to renew your permission to share information every two years.”;
“Any person who knowingly presents false information in an application for insurance or life settlement contract is guilty of a crime and may be subject to fines and confinement in prison.”;
History. Code 1981, § 33-59-8 , enacted by Ga. L. 2005, p. 998, § 1/SB 217; Code 1981, § 33-59-9 , as redesignated by Ga. L. 2009, p. 370, § 1/SB 61.
Editor’s notes.
Ga. L. 2009, p. 370, § 1/SB 61, effective July 1, 2009, redesignated former Code Section 33-59-9 as present Code Section 33-59-11.

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