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
§ 33-59-4. Suspension, Revocation, or Refusal to Renew Licenses; Grounds; Hearing Required
§ 33-59-6. Filing of Annual Statement With the Commissioner; Confidential Information
§ 33-59-9. Required Written Disclosures; Consequence for Failure to Provide
§ 33-59-10. Lender-Financed Premiums Using Policy as Collateral; Disclosures and Certifications
§ 33-59-12. Determining Governing Law When Multiple Owners
§ 33-59-13. Unlawful Activities Deemed Fraudulent Life Settlement Act
§ 33-59-15. Remedies and Penalties for Violations; Procedural Issues