Georgia § 33-59-5 - Filing of contracts and disclosure statements with the Commissioner; approval or disapproval.
Full text of Georgia Official Code of Georgia Annotated § 33-59-5 — Filing of contracts and disclosure statements with the Commissioner; approval or disapproval., with citation guidance and answers to common questions.
§ 33-59-5. Filing of contracts and disclosure statements with the Commissioner; approval or disapproval.
No person may use any form of life settlement contract in this state unless it has been filed with and approved, if required, by the Commissioner in a manner that conforms with the filing procedures and any time restrictions or deeming provisions, if any, for life insurance forms, policies, and contracts. No insurer may, as a condition of responding to a request for verification of coverage or in connection with the transfer of a policy pursuant to a life settlement contract, require that the owner, insured, provider, or life settlement broker sign any form, disclosure, consent, waiver, or acknowledgment that has not been expressly approved by the Commissioner for use in connection with life settlement contracts in this state. A person shall not use a life settlement contract form or provide to an owner a disclosure statement form in this state unless first filed with and approved by the Commissioner. The Commissioner shall disapprove a life settlement contract form or disclosure statement form if, in the Commissioner's opinion, the contract or provisions contained therein fail to meet the requirements of Code Sections 33-59-8 , 33-59-9 , 33-59-11 , and 33-59-15 or are unreasonable, contrary to the interests of the public, or otherwise misleading or unfair to the owner. At the Commissioner's discretion, the Commissioner may require the submission of advertising material. (Code 1981, § 33-59-5 , enacted by Ga. L. 2005, p. 998, § 1/SB 217; Ga. L. 2009, p. 370, § 1/SB 61.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 33-59-5
What does Official Code of Georgia Annotated § 33-59-5 cover?
Section 33-59-5 ("Filing of contracts and disclosure statements with the Commissioner; approval or disapproval.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 33-59-5?
A common citation format is "Official Code of Georgia Annotated § 33-59-5" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 33-59-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.