Life insurance
Applied in 3 court decisions — leading case 11 Cal. App. 4th 460 - Texas Commerce Bank v. Garamendi (1992)
Most recently applied in Variable Annuity Life Insurance v. Clarke (August 1993)
— Code 1933, § 56-402, enacted by Ga
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.
Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.