Life insurance is insurance on human lives and insurance appertaining to or connected with human lives. The transacting of life insurance includes the granting of endowment benefits, additional benefits in the event of death or dismemberment by accident or accidental means, additional benefits in the event of the disability of the insured, and optional modes of settlement of proceeds of life insurance. An insurer authorized to transact life insurance may also grant annuities.
History. Code 1933, § 56-402, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1982, p. 3, § 33.
Cross references.
Persons deemed subject to laws regulating life insurance companies, § 33-7-10 .
Offering of life insurance by fraternal benefit societies, § 33-15-60 .
Life insurance generally, T. 33, C. 25.
Industrial life insurance, T. 33, C. 26.
Group or blanket life insurance, T. 33, C. 27.
Annuity and pure endowment contracts, T. 33, C. 28.
Credit life insurance, T. 33, C. 31.
Structure Georgia Code
Chapter 7 - Kinds of Insurance; Limits of Risks; Reinsurance
§ 33-7-1. Definitions of Insurance Not Deemed Mutually Exclusive
§ 33-7-2. Accident and Sickness Insurance
§ 33-7-5. Marine and Transportation Insurance
§ 33-7-6. Property Insurance; Contract Requirements; Rules and Regulations; Exemptions
§ 33-7-10. Persons Deemed Subject to Laws Regulating Life Insurance Companies
§ 33-7-11. Uninsured Motorist Coverage Under Motor Vehicle Liability Policies
§ 33-7-13. Limitation of Risks